Dogecoin has been added to FTX Japan boosting the Memecoin’s Recognition

Key Takeaways

  • The king of meme coins, Dogecoin, has now been formally listed on FTX Japan, making it the first local exchange to support permanent DOGE trading.
  • The information was released via FTX Japan’s official Twitter account and also made public on their website.
  • Starting at 11:00 a.m. JST on July 5, DOGE will be available for everlasting trading. 

Dogecoin is now officially live on FTX Japan, according to a July 5 announcement from the top cryptocurrency exchange. On its website, the well-known cryptocurrency exchange also declared that it would start taking Dogecoin for a variety of transactions.

The translation from the company’s website  regards:

On Tuesday, July 5, 2022, at 11:00 am, we intend to begin handling DOGE in both our permanent transactions and physical transactions (sales offices and exchanges). The Shiba dog-themed cryptocurrency DOGE is a special coin that has become very popular in recent years. In the future, it will be simple to trade this DOGE, which is frequently heard in the news, on FTX Japan.

“FTX Japan is the only domestic exchange that handles perpetual trading of Dogecoin, so please take advantage of it.”

Also Read: DOGE Price Analysis June 2022

Since DOGE gained popularity in 2020, it has garnered support in the form of various listings on numerous cryptocurrency exchanges. In July 2020, OKEx established a perpetual DOGE/USDT pair as a sign of its support for trading DOGE on its spot margin trading platform. That same month, Bitfinex listed MegaDogecoin (MDOGE), which is one million “ordinary” DOGE. The well-known memecoin DOGE reached its record high price of $0.688833 in 2021.

In the last year and this one, Dogecoin has been listed on a number of important exchanges, including Coinbase and Bitso. Futures for Dogecoin have also debuted on the Kraken platform.

On Reddit’s WallStreetBets message board, which was the main driving force behind the GameStop incident in January, Dogecoin attained cult following in early 2021 with enthusiasts promising to drive its value “to the moon”

The top BNB whales exerted buying pressure on Dogecoin, which is now among the ten most bought assets among the 1,000 largest BSC whales in the last 24 hours, as per WhaleStats. A huge BNB whale named “Martian Manhunter,” which is ranked 71st on WhaleStats, purchased 18,800,433 DOGE on June 4 for a total of $1,256,188.

Dogecoin, which derives its name from a once-famous meme, was initially developed at least in part as a humorous prank for cryptocurrency fans.

Dogecoin was developed by software developers Billy Marcus and Jackson Palmer in late 2013. Palmer used a joke from the era that contained the purposefully misspelt word “doge” to refer to a Shiba Inu dog to brand the cryptocurrency’s logo.

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Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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