Dogecoin (DOGE), the leading memecoin token, has been made available on the FTX Japan crypto exchange for the commencement of perpetual and physical transactions.
FTX Japan Lists DOGE
Per a tweet made a few hours ago by FTX Japan’s Twitter handle, the top crypto exchange has officially started handling Dogecoin (DOGE).
— FTX Japan (@FTX_JP) July 5, 2022
Importantly, FTX Japan is thrilled to become the first domestic exchange to provide perpetual Dogecoin (DOGE) trading for customers. The exchange urged users to take advantage of the novel service on the platform.
Per the announcement, the Japan-based exchange will commence the services of perpetual DOGE trading for users on July 5 by 11:00 am JST.
Similarly, the exchange intends to also handle Dogecoin (DOGE) for the following target services – warehousing and delivery purposes as well as physical transactions in its exchanges and sales offices.
In addition, the exchange informed via the announcement that there is a plan to facilitate easy buying and selling of the largest memecoin on its platform in the coming days.
Part of the announcement read;
“We plan to start handling Dogecoin (DOGE) in our physical transactions (sales offices/exchanges) and perpetual transactions from 11:00 am on July 5, 2022 (Tuesday). Dogecoin (DOGE) is a unique coin with the motive of Shiba Inu, and is a crypto asset that has gained a lot of popularity in recent years.”
“In the future, it will be possible to easily trade this Dogecoin (DOGE), which is often heard in the news, on FTX Japan. FTX Japan is the only domestic exchange that handles Dogecoin perpetual transactions, so please take advantage of it.”
Dogecoin (DOGE) Adoption
The Dogecoin (DOGE) project which began as a joke has since gained momentum following its adoption by the Tesla CEO, Elon Musk. In a recent report, the popular figure and the world’s richest man disclosed how he started supporting the largest dog-themed token on the market. Despite a class lawsuit filed against the billionaire, he noted that he will keep supporting the project.
Over the years, individual investors have shown interest in the token while several businesses and entities have adopted the token as a payment option. These and many more developments like the FTX Japan listing move, have kept the dog-themed token on the positive side.
Interestingly, WhaleStats revealed that Dogecoin is now among the top 10 purchased tokens by 1000 biggest Binance Smart Chain (BSC) whales in the last 24 hours.
Peep the top 100 whales here: https://t.co/hABj9cqU4d
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) July 5, 2022
Meanwhile, Crypto.com have removed Dogecoin (DOGE) and 14 other crypto assets from its earn rewards program, citing the prevailing bear market as the motive.