Seychelles-based cryptocurrency exchange OKX has announced support for three memecoins, including a recently launched altcoin pegged to Dogecoin (DOGE).
In an announcement, OKX says it is rolling out perpetual futures support for meme tokens BasedBrett (BRETT), Simon’s Cat (CAT), and Neiro on ETH (NEIROETH).
BRETT is the largest memecoin on Base, the blockchain launched by Coinbase, the largest cryptocurrency exchange in the United States. BRETT has a market cap of $683 million and has fallen more than 40% since the beginning of August.
Simon’s Cat was originally launched on the BNB Smart Chain (BSC) and was airdropped last month to holders of Floki (FLOKI), a Dogecoin competitor. CAT has a market cap of $187 million and is up 152% since hitting an all-time low of $0.00001099 just days after its launch.
Meanwhile, the Neiro Project calls the altcoin the “official sister of DOGE” that arrived on Ethereum (ETH) to “make history.”
NEIROETH currently has a market cap of $128 million and is up over 449% since hitting an all-time low of $0.0232 on September 3.
All memecoins will be traded on USDT-margined perpetual futures contracts.
Late last year, OKX CEO Star Xu said he was encouraged to list more BRC-20 altcoins from the Bitcoin (BTC) ecosystem, but noted that the exchange was not aiming to be “aggressive” with its listing process.
“Many friends are pushing me to list more BRC-20 tokens. Thank you for your kind suggestions. I want to clarify that as an exchange, if we use the simplest strategy of just listing all tokens, I think it can help the exchange make more money quickly, but will destroy the market.
OKX does not want to be the most aggressive exchange in the industry. Although OKX is not the biggest leader in the industry, we still have our long-term philosophies, such as building the infrastructure, not being malicious, being as transparent as possible, and always being technology-driven.
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