Dogecoin (DOGE) has witnessed a great deal of popularity within the duration of the past few days as DOGE has recently posted a monster price rally on the board. This extremely bullish rally has led the coin to catch the attention of the major cryptocurrency exchanges who have decided to boost support for the trading of DOGE coin.
DOGE’s price surge urges top exchanges to boost its support
After seeing a sharp increase in the price value of the coin on July 8, the top cryptocurrency exchanges Binance, OKEx, and Bitfinex have announced to expand support for DOGE crypto coin. These crypto exchanges have decided to add various other ways for the trading of the coin.
First of all, the leading cryptocurrency exchange of the world in terms of trading volume Binance has said to launch DOGE/USDT perpetual contracts on its Binance Futures derivatives trading platform allowing users to trade DOGE with up to 50X leverage on the platform.
— Binance (@binance) July 9, 2020
As per the announcement of Binance, users will be able to trade perpetual contracts from July 10.
Another major cryptocurrency exchange OKEx has also officially announced to boost support for the trading of Dogecoin. The OKEx exchange is launching DOGE/USDT perpetual swap and offers users 20x leverage. The trading will commence on the 10th of July.
Apart from Binance and OKEx, the third major crypto exchange that has announced to add support for DOGE is the Bitfinex exchange. Bitfinex is listing Dogecoin on its platform as MDOGE “with a conversion rate of one million”.
. @Dogecoin is landing on Bitfinex as MDOGE (MegaDogecoin), with a conversion rate of 1 million.
Deposits will open on July 10th at 7:30 AM UTC, trading and withdrawals will start an hour later.
Available pairs will be DOG/USD, DOG/UST and DOG/BTC. https://t.co/j4WB76g1A4 pic.twitter.com/d3v7lFif36
— Bitfinex (@bitfinex) July 9, 2020
The crypto exchange is set to open deposits on July 10 at 7:30 AM UTC. However, the trading of the coin will begin right after one hour. The exchange has currently listed three pairs which are DOG/USD, DOG/UST, and DOG/BTC.
A Viral TikTok video sends DOGE price to its highest point
Yesterday, the price value of DOGE cryptocurrency skyrocketed due to a viral TikTok video that sent its price to its highest level which has not been seen since the year 2018. This sudden upsurge in Dogecoin’s price pumped its popularity. DOGE is currently holding the 26th-ranked by market capitalization.