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OKEx has announced the launch of margin trading for Dogecoin (DOGE)


Tomorrow, July 10, the OKEx exchange will launch new services for Dogecoin (DOGE), specifically margin trading, saving, and trading perpetual margin contracts on the DOGE / USDT pair.

The new trading options for Dogecoin will be available starting at 3:00 a.m. UTC.

This seems to be a golden period for dogecoin. In fact, the cryptocurrency is experiencing an intense moment of popularity due to the TikTok challenge: investing $ 25 and bringing its value to $ 1, to earn $ 10,000. It all started with a video that went viral, which has led to Doge's price doubling from 2 to 5 thousandths of a dollar. But it's still a long way from the $ 1 target.

However, Dogecoin had gained fame from the first moments of its existence, choosing a meme as its logo, the Shiba Inu dog, and it soon became one of the cryptocurrencies used to tip on social media.

Then came Elon Musk's tweets to increase his popularity. Until recently, in his Twitter profile description, Elon Musk described himself as "former CEO of Dogecoin." Obviously, Elon Musk has never been an active part of DOGE, but he contributed to the satire surrounding the story of this particular cryptocurrency.

Perhaps in the wake of this particular moment in Dogecoin's volume surge, OKEx will offer its users a range of trading tools reserved for experienced investors.

The CEO of OKEx, Jay Hao, he explained:

“As a leading exchange, we are pleased to offer these new trading and savings features for Dogecoin to our users. At OKEx, we always strive to offer the most diverse product offering by asking our users what they would like to see and responding to their requests. DOGE is a very popular currency with sophisticated marketing and market potential that many traders will enjoy speculating on and we believe will bring additional liquidity to the exchange. However, as with any business decision, we always encourage merchants to trade cautiously and conduct their own research. ”

In fact, following the TikTok challenge, Dogecoin's volatility has certainly increased, with the price experiencing a significant increase, although more content these days.

Who knows if the novelty introduced by OKEx will not allow Dogecoin to grow further.

In order to introduce the new features, OKEx will have to perform an update that could lead the exchange to suspend some operations from 03:00 to 3:30 AM UTC on July 10. From then on, it will be possible to experiment with new tools for Dogecoin cryptocurrencies.

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