Seychelles-based crypto exchange OKX has announced support for three memecoins, including a newly launched altcoin related to Dogecoin (DOGE).
In an announcement, OKX says yes roll 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 crypto exchange in the US. BRETT has a market cap of $683 million and is down more than 40% since early August.
Simon’s Cat originally launched on the BNB Smart Chain (BSC) and was broadcast last month to holders of Floki (FLOKI), a competitor to Dogecoin. CAT has a market cap of $187 million and is up 152% since hitting a low of $0.00001099 a few days after launch.
Meanwhile, the Neiro project dubs the altcoin ‘the official sister of DOGE’ that has arrived on Ethereum (ETH) to ‘make history’.
NEIROETH currently has a market cap of $128 million and is up over 449% since hitting a low of $0.0232 on September 3.
All memecoins will be traded on perpetual futures with USDT margin.
Late last year, OKX CEO Star Xu said he was urged to list more BRC-20 altcoins from the Bitcoin (BTC) ecosystem, but noted that the exchange had no intention of “ to be aggressive” with its listing process.
“Lots of friends [are] urges me [to] display more BRC-20 tokens. Thank you for these kind suggestions. I want to clarify, by way of exchange, whether we are using the simplest strategy that is fair [to] make a list of all tokens, i think it might help [the] exchange will make money faster, but will destroy the market.
OKX never wants to be the most aggressive listing exchange in the industry. While OKX is not the biggest leader in the industry, we still have our long-term philosophies of building the infrastructure, not being malicious, being as transparent as possible and always being technology-driven.”
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