BitMEX Introduces DOGS Pre-Launch Futures Contracts with 2x Leverage

DOGS, the upcoming memecoin on the TON blockchain, is now available for trading on BitMEX. According to BitMEX Blog, the new listing, DOGSUSDTQ24, offers up to 2x leverage.

Details of the Listing

The DOGSUSDTQ24 contract began trading on August 21, 2024, at 10:00 UTC. This new futures contract allows traders to speculate on the price movements of DOGS with leverage, potentially amplifying both gains and losses.

Trading Specifications

BitMEX has provided the full specifications for this futures contract on their platform. The DOGSUSDTQ24 contract is designed to attract traders interested in the volatility and potential of memecoins, particularly those built on the TON blockchain.

Growing Interest in Memecoins

The introduction of DOGS futures on BitMEX comes amidst growing interest in memecoins, which have gained significant attention in the cryptocurrency market. These tokens, often inspired by internet memes, have seen rapid price movements and substantial trading volumes.

About BitMEX

BitMEX is a well-known cryptocurrency exchange, particularly noted for its derivatives trading platform. The exchange has been expanding its offerings to include a wider range of crypto assets and trading pairs, catering to both institutional and retail investors.

For more details on the DOGSUSDTQ24 contract, traders can visit the official BitMEX platform.