Binance will offer DOGE perpetual swaps with 50x leverage, OKEx with a DOGE-denominated margined product, and Bitfinex with a "Mega DOGE" token representing 1 million Dogecoins per "DOG.".
The exchange tweeted this morning its listing of the DOGE perpetual swap with 50x leverage for traders.
This would enable speculators to further capitalize on their gains on DOGE positions.
DOGE currently trades at $0.002, which pegs DOG at $2,000 per token.
For DOGs bigger than chihuahuas, there is a major exchange with your name on it 😂. - Crypto King July 9, 2020.OKEx's margined DOGE. Not wanting to be left behind, Malta-based OKEx, a very popular exchange in the Southeast Asia market, also rolled out its DOGE-based trading product.
In a release shared with CryptoSlate, OKEx said it will provide its users with DOGE margin trading, savings and DOGE/USDT-margined perpetual swap trading on its website from July 10.
"DOGE is a very popular coin with sophisticated marketing and market potential that many traders will enjoy speculating on and we believe that it will bring additional liquidity to the exchange."
DOGE was founded in 2013 as a joke by developer Jackson Palmer.
Later in 2015, he left the broader cryptocurrency community citing "An extended leave of absence." Palmer has since stated he never expected DOGE to hit both the valuation and the popularity it has today.
In the past week, a viral TikTok video caused DOGE prices to jump multifold after users started a #dogecointiktokchallenge campaign.
Binance, Bitfinex, OKEx list DOGE derivatives after meme-coin volumes jump 683%
gepubliceerd op Jul 9, 2020
by Cryptoslate | gepubliceerd op Coinage
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