The leading cryptocurrency exchange, OKEx, has launched saving accounts and marginal trading for meme cryptocurrency Dogecoin [DOGE].
In line with an announcement on 9th July, OKEx revealed that leveraged spot trading, perpetual swap contract trading, and saving features would be available from today for the meme-based cryptocurrency, Dogecoin.
Dogecoin Craziness Is Increasing Within The community
The recent announcement follows a recent Dogecoin viral marketing campaign conducted by its fans on the renowned social media video platform TikTok. The campaign apparently caused the coin’s price to surge by more than 124% in just two days, consistent with data from CoinMarketCap. Volume at the time has hiked over 20x times and Google Trends revealed an increasing number of searches for methods to purchase the altcoin.
The campaign used the “#dogecointiktokchallange” and “dogecointiktokchallenge” hashtags on TikTok. Following the surge, Barstool Sports founder, Dave Portnoy, even called the Dogecoin marketing campaign a pump and dump scheme.
The Binance crypto exchange has also announced that it’ll launch Dogecoin perpetual futures contracts from today. Those contracts will permit upto 50x times leverage on DOGE trades.