FTX Japan Lists Meme Coin King Dogecoin

Vignesh Karunanidhi
FTX Japan Lists Meme Coin King Dogecoin
Source: Marketforces Africa

FTX Japan has officially listed the meme coin king, Dogecoin, making it the first domestic exchange to provide perpetual DOGE trading.

The news was shared by the official Twitter handle of FTX Japan and also announced on their website. The announcement states that the exchange is planning to handle DOGE in its physical transactions in its exchanges and sales offices.

The perpetual trading of DOGE will go live on July 5 from 11:00 am JST. The exchange also states that it is the only domestic exchange that provides Dogecoin perpetual transactions.

Dogecoin’s popularity is surging

What started as a mere memecoin has amassed popularity and acceptance globally. Ever since DOGE hopped onto Elon Musk’s favorite list, the coin has amassed quite the name and fame. DOGE has been listed on major exchanges like OKEx, Coinbase, and Bitson and is listed on over 377 exchanges as per the data from CoinMarketcap.

A recent survey from DebtHammer reveals that crypto investors in the US are taking loans to buy crypto. Dogecoin is also on the list of cryptocurrencies that investors are trying to get their hands on.

Source: VOI

In other news, according to the data from WhaleStats, DOGE has now surfaced on the top 10 purchased tokens list among the 1,000 biggest BSC whales in the last 24 hours.

Dogecoin is currently trading at $0.066823, 2.4% down in the last 24 hours. The meme coin has lost 7.9% in the last 7 days. Compared to the overall performance of the coin, DOGE is down 90% from its all-time high of $0.7376.

Last week, Dogecoin witnessed a 30% spike in network transactions. The main reasons for this could be rising adoption and partnerships. Last month, there was a gradual increase in the number of active DOGE addresses. The meme coin frenzy seems to be adopted by investors seriously.