FTX Japan has officially listed the meme coin king Dogecoin, making it the first domestic exchange to offer perpetual DOGE trading.
The news was shared by the official FTX Japan Twitter handle and also announced on their website. The announcement states that the exchange intends to settle DOGE in its physical dealings in its exchanges and sales offices.
DOGE’s perpetual trade goes live on July 5 from 11:00 AM JST. The exchange also states that it is the only domestic exchange to offer perpetual Dogecoin trades.
Dogecoin’s popularity is rising
What started as a memecoin has gained popularity and acceptance worldwide. Since DOGE entered Elon Musk’s favorites list, the coin has gained quite a bit of name and fame. DOGE is listed on major exchanges such as OKEx, Coinbase and Bitson and is listed on more than 377 exchanges according to CoinMarketcap data.
A recent study by DebtHammer reveals that crypto investors in the US are taking out loans to buy crypto. Dogecoin is also on the list of cryptocurrencies that investors are trying to get their hands on.
In other news, according to WhaleStats data, DOGE has now popped up in the top 10 purchased tokens of the 1,000 largest BSC whales in the past 24 hours.
Dogecoin is currently trading on $0.066823, 2.4% lower in the last 24 hours. The meme coin has lost 7.9% in the past 7 days. Compared to the coin’s overall performance, 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 may be the increasing adoption and partnerships. Last month there was a gradual increase in the number of active DOGE addresses. The meme coin frenzy seems to be getting serious adoption by investors.