Cryptocurrency change OKEx launched saving accounts and margin trading for meme cryptocurrency Dogecoin (DOGE).
In keeping with an announcement shared with Cointelegraph on July 9, OKEx introduced that leveraged spot trading, perpetual swap contract trading, and saving options will launch tomorrow for the meme-based cryptocurrency, Dogecoin.
OKEx didn’t reply Cointelegraph’s inquiry by press time.
Exchanges capitalize on the Dogecoin crazie
The announcement follows a current Dogecoin viral marketing campaign conducted by its fans on social media video platform TikTok. The marketing campaign apparently prompted the coin’s value to surge by over 124% in simply two days, in keeping with data from Coin360. Quantity on the time elevated over 20 occasions and Google Tendencies revealed an rising variety of searches for strategies to purchase the altcoin.
The marketing campaign used the “#dogecointiktokchallange” and “dogecointiktokchallenge” hashtags on TikTok. Following the surge, Barstool Sports activities founder, Dave Portnoy, went as far as to call the Dogecoin marketing campaign a pump and dump.
The Binance cryptocurrency change additionally introduced that it’s going to launch Dogecoin perpetual futures contracts tomorrow. These contracts will enable as much as 50 occasions leverage on DOGE trades.