- Bitfinex Binance OKEx Rush to Capitalize on Dogecoin Fever
- OKEx drew attention to the DOGE rally
- Every joke is just a fraction of a joke
- All the best for customers
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Bitfinex Binance OKEx Rush to Capitalize on Dogecoin Fever
OKEx gets DOGE fever
Cryptoexchange OKEx will add new trading instruments based on DOGE
The project has attracted attention due to its rapid growth
The coin will be available for margin trading, as well as within the USDT perpetual swap
International consortium of news organizations developing transparency standards.
Hong Kong cryptocurrency exchange OKEx decided to take part in the DOGE rally and offered Dogecoin (DOGE) margin trading, as well as perpetual swaps in the DOGE / USDT pair.
OKEx drew attention to the DOGE rally
The passion around Dogecoin is heating up. At first, the coin turned out to be the object of a powerful hype in TikTok, then the founder of the TRON project Justin Sun decided to take note of the tricks of the youth social network for promoting TRX, and now OKEx is introducing tools based on DOGE in order not to miss the chance to earn extra money on the rally.
The new tools will be available on the website and via the API starting at 5 pm Moscow time on 10 July. The press release states that traders will have access to margin trading on the spot market, as well as all the benefits of multi-level margin trading..
By adding new tools to its product line, OKEx is guided by the project’s reliability, previous metrics, community and marketing presence, the exchange said in a statement. Recent events show that Dogecoin is doing fine with fans and community.
Every joke is just a fraction of a joke
Recall that DOGE was born in 2013. Its creator, American programmer Billy Marcus, claims to have invented the coin for fun. However, over the seven years, the project has grown with many supporters and acquired a strong community. At the time of writing, DOGE has a market capitalization of $ 572 million, and the average daily trading volume in the last 24 hours has exceeded $ 700 million. The coin is ranked 26th in the CoinMarketCap ranking. DOGE is an open source peer-to-peer digital currency often used as a tip and reward on social media for quality content.
Many influential people, including Elon Musk, have taken notice of the coin. This organic marketing draws attention to DOGE. The latest trigger for the coin to take off was viral videos on the social network TikTok urging people to buy DOGE. In just a few days, its price soared by more than 100% literally from scratch.
DOGE chart, source TradingVIew
All the best for customers
Commenting on the listing, OKEx CEO Jay Hao noted:
“As a leading exchange, we are delighted to offer our users new opportunities to trade and save on Dogecoin. At OKEx, we always strive to provide a wide range of tools and always ask our users what coins they would like to see. DOGE is a very popular coin with challenging marketing and market potential and we believe it will bring additional liquidity to the exchange. Be that as it may, before making decisions, we always urge traders to exercise caution and conduct an independent analysis “.
The activation of the DOGE / USD swap may temporarily lead to the suspension of functions such as market quotes, order placement and cancellation, and margin deposits and transfers. Traders need to take appropriate measures to avoid potential risks. Account balances will not be affected.
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
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