Seychelles-Based Crypto Exchange OKX Announces Support for Three Memecoins, Including a New Altcoin Related 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).

Crypto exchange OKX is adding three memecoins to its platform, including one that is newly launched and related to Dogecoin (DOGE).

According to an announcement from OKX, the exchange will now offer perpetual futures support for meme tokens BasedBrett (BRETT), Simon’s Cat (CAT) and Neiro on ETH (NEIROETH).

BRETT is the top memecoin on Base, a blockchain network launched by Coinbase, the largest crypto exchange in the United States. With a market cap of $683 million, BRETT has lost more than 40% of its value since the beginning of August.

Originally launched on BNB Smart Chain (BSC), Simon’s Cat was airdropped last month to holders of Floki (FLOKI), a Dogecoin competitor. CAT has a market cap of $187 million and has gained 152% since printing an all-time low of $0.00001099 a few days after launching.

The Neiro project, on the other hand, calls the altcoin “the official sister of DOGE” that has joined Ethereum (ETH) “to make history.”

With a market cap of $128 million, NEIROETH has surged more than 449% since hitting an all-time low of $0.0232 on September 3rd.

USDT margin perpetual futures will be used to trade all of the memecoins.

Star Xu, the CEO of OKX, stated late last year that he was being pressured to include more BRC-20 altcoins from the Bitcoin (BTC) ecosystem, but he emphasized that the exchange was not aiming to be “aggressive” with its listing process.

“A lot of friends [are] urging me [to] list more BRC-20 tokens. Thanks for these kindly suggestions. I want to clarify, as an exchange, if we use the simplest strategy that is just [to] list all tokens, I believe it may help [the] exchange make more quick money, but will destroy the market.

OKX never wants to be the most aggressive listing exchange in the industry. Although OKX is not the industry’s biggest leader, we still have our long-term philosophies like building the infrastructure, don’t be evil, as transparent as possible and always be technology driven.”

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