Finance, Forex and Bitfinex will expand support for Dogecoin

Binance, Okex and Bitfinex exchanges will expand support for the DOGE cryptocurrency, which has grown in popularity thanks to a viral video in TikTok.

This week, the Dogecoin exchange rate has doubled – from $0.0023 to $0.0056 due to a video posted in TikTok with a call to invest in this coin.

Some cryptocurrency exchanges have decided to take advantage of the peak popularity of DOGE and provide traders with more opportunities to trade it. So, The binance Futures platform, which is engaged in trading cryptocurrency derivatives, announced the launch of perpetual DOGE/USDT contracts with a leverage of up to 50x. Traders will be able to use the tool from July 10.

The OKEx exchange will add DOGE to the margin trading section, and on July 10 will launch a Doge/USDT perpetual swap with a leverage of up to 20x. Bitfinex will place DOGE as MegaDogecoin (MDOGE). 1 MDOGE will be equivalent to one million DOGE, so its approximate cost will be more than $4,500. Deposits will open on July 10 in the DOG/USD, DOG/UST and DOG/BTC trading pairs.

The co-founder of Morgan Creek, Jason Williams, who wrote on Twitter, could not pass by this cryptocurrency: I’m buying a DOGE. When will there be emojis?”, referring to the emojis that have recently appeared on this social network for Binance and Tron.

Tron founder Justin Sun also joked that he will pay more attention to promotion in TikTok and create viral videos about Tron.