Several exchanges previously launched support for Dogecoin futures
San Francisco-based crypto exchange kraken extends support for Dogecoin as it prepares to list future Dogecoin contracts.
The futures contract derives its value from the underlying cryptocurrency, Dogecoin in this case, and allows one to gain exposure to the cryptocurrency without actual ownership.
Trading is expected to begin on Monday, June 20. Kraken is also expected to offer futures for Tron’s TRX and Fantom’s FTM. Several exchanges have already launched support for Dogecoin futures.
In July 2020, Binance announced the launch of perpetual DOGE/USDT contracts on its derivatives platform, Binance Futures. OKEx also added support for DOGE trading on its spot margin trading, listing a perpetual DOGE/USDT pair. In the same month, Bitfinex announced the listing of MegaDogecoin (MDOGE), which is equal to one million “normal” DOGE.
DOGE Co-Founder Expresses Desire for Dogecoin Amid Recent Events
Dogecoin creator Billy Markus, or “Shibetoshi Nakamoto”, has expressed his desire for Dogecoin amid recent market events. He wants Dogecoin to have a reason to exist; “something beyond pumping and dumping,” he says. He also wants the community to understand what crypto is and what the crypto market is. To that end, Tesla CEO Elon Musk replied, “more like a currency.”
The Dogecoin creator also says it would be cool if people kept improving on Dogecoin and adding utility, saying, “most of the complaints and attacks, imo, are just people that don’t get crypto or the crypto market.”
To this, Elon Musk also replied in support, saying, “Merch Tesla and SpaceX, maybe more down the road.”
As previously reported by U.Today, Elon Musk is facing a $258 billion lawsuit for promoting Dogecoin. However, the centibillionaire seems unwavering in his support for Dogecoin, as seen in his recent reply to Billy Markus’s tweets.
