Seychelles-based crypto alternate OKX has introduced assist for 3 memecoins, together with a newly launched altcoin associated to Dogecoin (DOGE).
In an announcement, OKX says it’s rolling out perpetual futures assist for meme tokens BasedBrett (BRETT), Simon’s Cat (CAT) and Neiro on ETH (NEIROETH).
BRETT is the biggest memecoin on Base, the blockchain launched by Coinbase, the largest crypto alternate within the US. BRETT has a market cap of $683 million and is down over 40% for the reason that begin of August.
Simon’s Cat was initially launched on the BNB Good Chain (BSC) and was airdropped final month to holders of Floki (FLOKI), a Dogecoin competitor. CAT has a market cap of $187 million and is up 152% since printing an all-time low of $0.00001099 a couple of days after launching.
In the meantime, the Neiro mission dubs the altcoin “the official sister of DOGE” that has arrived on Ethereum (ETH) to “make historical past.”
NEIROETH at the moment has a market cap of $128 million and is up over 449% since printing an all-time low of $0.0232 on September third.
All of the memecoins will likely be traded on USDT margin perpetual futures.
Late final 12 months, OKX CEO Star Xu mentioned he was being urged to record extra BRC-20 altcoins from the Bitcoin (BTC) ecosystem, however famous that the alternate wasn’t aiming to be “aggressive” with its itemizing course of.
“A variety of associates [are] urging me [to] record extra BRC-20 tokens. Thanks for these kindly ideas. I need to make clear, as an alternate, if we use the only technique that’s simply [to] record all tokens, I imagine it could assist [the] alternate make extra fast cash, however will destroy the market.
OKX by no means desires to be probably the most aggressive itemizing alternate within the business. Though OKX isn’t the business’s greatest chief, we nonetheless have our long-term philosophies like constructing the infrastructure, don’t be evil, as clear as potential and at all times be know-how pushed.”
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