Crypto Exchange OKX to Launch Perpetual Futures for Popular Memecoin

OKX, a leading cryptocurrency exchange, has announced the addition of USDT-margined perpetual futures for the memecoin DOG, which will be available for trading starting November 19, 2024, at 09:00 (UTC) on its web, mobile, and API platforms.

The trading pair DOG/USDT will allow users to engage in perpetual futures contracts with the memecoin, offering more flexibility and opportunities in the market.

DOG is a memecoin that operates on the Bitcoin blockchain using the Runes standard, making it a part of the growing trend of community-driven and decentralized projects.

True to its open-source nature, DOG aligns with the decentralized ideals originally laid out by Bitcoin’s creator, Satoshi Nakamoto. In a unique move earlier this year, DOG’s entire token supply was distributed for free as part of a volunteer-run initiative, showcasing its commitment to decentralization and accessibility.

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The platform has also specified that the funding fee for the DOG/USDT futures contracts will be capped at 0.03%, providing a safeguard against premium volatility in the market.

This move highlights OKX’s intention to provide a stable and efficient trading environment for users involved with this memecoin, which continues to gain traction in the crypto space.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.