Stablecoin margined futures on DOGE have experienced a sharp spike recently, with DOGE denominated bets jumping by 33% since Sunday.
Investors and traders are showing a growing interest in leveraging stablecoins to trade futures contracts on the popular cryptocurrency Dogecoin. The surge in DOGE denominated bets indicates a significant increase in trading activity and speculation on the future price movements of DOGE.
This trend highlights the growing popularity of stablecoin margined futures as a way to trade cryptocurrencies with reduced volatility and increased stability. By using stablecoins as margin collateral, traders can protect themselves from the extreme price fluctuations often seen in the cryptocurrency market.
It will be interesting to see how this trend continues to develop in the coming weeks and months, as more traders look for ways to capitalize on the potential gains offered by trading DOGE futures with stablecoin margin.
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