Cryptocurrency alternate OKEx launched saving accounts and margin buying and selling for meme cryptocurrency Dogecoin (DOGE).
In accordance with an announcement shared with Cointelegraph on July 9, OKEx introduced that leveraged spot buying and selling, perpetual swap contract buying and selling, 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 latest Dogecoin viral marketing campaign conducted by its fans on social media video platform TikTok. The marketing campaign apparently precipitated 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 growing 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 alternate additionally introduced that it’ll launch Dogecoin perpetual futures contracts tomorrow. These contracts will permit as much as 50 occasions leverage on DOGE trades.