Dogecoin is based on popular Internet meme from 2013
Bitfinex and Binance are expanding their support for Dogecoin, a meme-friendly digital asset. This way, Bitfinex has listed Dogecoin on its platform on July 10, according to its Twitter announcement:
. @Dogecoin is listed on Bitfinex!
MDOGE deposits are now open. Trading will start in one hour, at 8:30 am UTC.
— Bitfinex (@bitfinex) July 10, 2020
Dogecoin will be listed as MegaDogecoin (MDOGE), with a conversion rate of 1 million Dogecoins. At the current exchange rate, one MDOGE is worth nearly $4,640.
Along with that, Binance has launched DOGE/USDT perpetual contract, enabling up to 50 times leverage on DOGE trades.
Dogecoin was created in 2013 by Billy Markus, an American software developer, as a fun currency. Afterward, joint cooperation with Jackson Palmer, a product manager at Adobe, turned this initiative into real crypto.
We’ve reported that 2.6 million Brits have bought cryptocurrency, with significant growth over the last year.