KuCoin Introduces Solana's Dogwifhat Memecoin for Spot Trading, While Binance Futures Widens Options Offering

KuCoin Spot Trading for Dogwifhat

KuCoin, a globally recognized crypto exchange with over a million users, is set to enable spot trading for the popular Solana memecoin Dogwifhat from January 18 at 13:00 UTC. This move aligns with Dogwifhat's futuristic transactions and aims to enhance liquidity and pricing through USDT and USDC trading pairs.

KuCoin's Global Operations

KuCoin, based and licensed in the Seychelles, Malta, and the Cayman Islands, operates globally, providing services to residents in these countries. The listing on KuCoin represents a significant step for Dogwifhat in expanding its reach.

Binance Futures Launches USDS-M WIF Perpetual Contract

In addition to KuCoin's listing, Binance announced the launch of the USDS-M WIF Perpetual Contract on January 18 at 14:15 UTC. This futures program, offering up to 50x leverage, aims to diversify trading choices on Binance Futures and improve users' trading experiences. Qualified liquidity providers can enjoy maker fee rebates for trades on the WIFUSDT Perpetual Contract.

Dogwifhat's Recent Developments and Price Outlook

Amid these listings, onchain metrics indicate a resurgence of Dogwifhat, reminiscent of last year's frenzy that boosted Solana's price. Dogwifhat's WIF has surged 50% in the last 24 hours, reaching 48 cents before a slight pullback. Notably, Franklin Templeton's reference to the "wif hat" meme in a post contributed to a positive sentiment boost.

The value of WIF, associated with an image of a dog wearing a hat, has contributed to its popularity within the crypto community. At the time of press, WIF is trading at $0.44 with a market cap of $446.5M and a 24-hour trading volume of $85.267M, according to CoinGecko.

In summary, Dogwifhat's listing on KuCoin and Binance's futures program signify a notable step forward, reflecting the memecoin's growing popularity and positive sentiment within the crypto community.