Three major cryptocurrency exchanges have listed Dogecoin after this asset increased sharply by 50% in just 2 days. Binance will provide Doge with a futures contract with a maximum leverage of x50. Besides, OKEX has also added DOGE to its margin product range. Bitfinex has also listed the "Mega DOGE" token at the rate of 1 million Dogecoin for a "DOG".
Non-term contracts on Binance
The information listed on the Binance Futures derivative platform may help DOGE to strengthen its position, but the risk of discount is still there.
After the listing, many communities said that Binance only chose DOGE because the price of the currency soared, even though this was an asset created after a joke.
Earlier, coins like Theta and COMP also tended to drop sharply after being on the Binance Futures platform.
Bitfinex's Mega DOGE
Hong Kong-based exchange Bitfinex has also chosen to list MDOGE products, with a conversion rate of 1 million DOGE. The trading pairs DOG / BTC, DOG / USDT, and DOG / USD will be officially listed on July 10. This exchange said:
“DOGE is currently priced at 0.002 USD, accordingly, with the price anchoring rate, DOG is priced at 2,000 USD per token. Some accounts on Twitter seem to be very supportive of this approach. ”
DOGE deposits on OKEX
The last big name in this listing was OKEx, a well-known trading platform in Southeast Asia.
In a press release, OKEx said it will support users to conduct margin trading with DOGE, and that the DOGE / USDT pair of margin deposits will be available on the website on July 10.
Founder Jay Hao said:
“DOGE is now a fairly popular coin with a fairly sophisticated marketing mechanism and great market potential. We believe that many traders are interested in surfing this asset can help increase liquidity on the exchange. ”
In the past week, the trend-following "DOGE Challenge" series on TikTok has made this asset soar many times.
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