The crypto-currency exchange, OKEx, launched savings and trading accounts for the meme-based crypto-currency, Dogecoin (DOGE).
According to an announcement shared with Cointelegraph on July 9, OKEx announced that spot leverage, perpetual contract exchange and savings features will be launched tomorrow for Dogecoin.
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At the time of this publication, OKEx did not respond to Cointelegraph inquiries.
Exchanges take advantage of the Dogecoin craze
The announcement follows the recent viral marketing campaign initiated by Dogecoin fans on the video social networking platform, TikTok. Apparently, the campaign caused the price of the coin to increase by more than 124% in just two days, according to Coin360 data. The volume at that time increased more than 20 times and Google Trends revealed a growing number of searches for methods to buy the altcoin.
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The campaign used the hashtags „#dogecointiktokchallange“ and „dogecointiktokchallenge“ in TikTok. After the raise, Barstool Sports founder Dave Portnoy went so far as to call the Dogecoin marketing campaign a „pump and dump“.
Binance’s cryptomoney exchange also announced that it will launch Iq Option perpetual futures contracts tomorrow. These contracts will allow up to 50 times the leverage of DOGE’s operations.