OKEx Launches Saving Accounts And Margin Trading For Dogecoin
OKEx Launches Saving Accounts And Margin Trading For Dogecoin
July 10, 2020
OKEx Launches Saving Accounts And Margin Trading For Dogecoin
OKEx Launches Saving Accounts And Margin Trading For Dogecoin
July 10, 2020

OKEx, the leading cryptocurrency exchange, has launched saving accounts and margin trading for meme cryptocurrency Dogecoin (DOGE).

It has been reported after a recent Dogecoin viral marketing campaign conducted by its fans on social media video platform TikTok, as the campaign apparently caused the coin’s price to surge by over 124% in just two days, according to data from Coin360.

However, volume at the time increased over 20 times and Google Trends revealed an increasing number of searches for methods to buy the altcoin.

The campaign used the “#dogecointiktokchallange” and “dogecointiktokchallenge” hashtags on TikTok.

Jay Hao, the CEO of OKEx, stated:

“As a leading exchange, we’re pleased to offer these new trading and savings features for Dogecoin to our users. At OKEx, we are always striving to provide the most diverse product offering by asking our users what they would like to see and responding to their requests. DOGE is a very popular coin with sophisticated marketing and market potential that many traders will enjoy speculating on and we believe that it will bring additional liquidity to the exchange. As with any trading decisions, however, we always encourage traders to trade with caution and carry out their own research”.

After the surge, Dave Portnoy, the founder of Barstool Sports, went so far as to call the Dogecoin marketing campaign a pump and dump.

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Source: Cointelegraph | Image: The Daily Chain


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.