Binance Adds Dogecoin To Weekly Options
According to an official announcement on August 9, Binance will launch DOGEUSDT weekly options. Users can start trading DOGEUSDT weekly options from 08:00 UTC on August 10. It will be listed every Thursday at 08:00 UTC.
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The crypto exchange said the DOGEUSDT Weekly Options are European-style options contracts. Currently, Binance offers options trading in Bitcoin (BTC), Ethereum (ETH), BNB, and XRP only. Binance expanding Dogecoin support hints at an upcoming rally in DOGE price to $0.1.
Also Read: XRP Defies CoinGecko’s SEC Security Token List, Ripple CTO And Lawyer Reacts
DOGE Price Moving Higher After Announcement
DOGE price jumps 3% in the past 24 hours, with the price currently trading at $0.075. The 24-hour low and high are $0.0733 and $0.0757, respectively. Furthermore, trading volume has increased slightly by 8% in the last 24 hours, indicating interest among traders.
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Must ReadThe price action is mostly in an ascending trendline, which shows DOGE price can rally higher. Meanwhile, Elon Musk’s earlier confirmation on X to never launch a crypto token helped bring some upside momentum to DOGE price. Also, Elon Musk’s lawyers have filed a motion to dismiss the Dogecoin insider trading class-action lawsuit.
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