If you’re a fan of Dogecoin ($DOGE) or just love a good meme coin, you’re in for a treat! On August 2, 2025, Backpack Exchange dropped some exciting news that’s got the crypto community buzzing. The beloved Shiba Inu-inspired cryptocurrency is now unleashed on their platform, and it comes with a bunch of cool features to explore. Let’s dive into what this means for traders, lenders, and anyone looking to hop on the $DOGE train!

What’s New with Dogecoin on Backpack Exchange?

Backpack Exchange, known for its user-friendly crypto wallet and trading platform, has rolled out $DOGE across multiple services. Here’s the breakdown:

• Spot Trading, Perps, and Borrow/Lending: You can now buy, sell, and trade $DOGE instantly on the spot market, dive into perpetual futures (perps) for more advanced trading, or use it for borrowing and lending. This gives you tons of flexibility depending on your strategy.
• Use $DOGE as Collateral: Want to leverage your holdings? You can now use $DOGE as collateral to borrow other assets, making it a versatile tool in your crypto toolkit.
• Run the $DOGE Basis Trade: This is where things get interesting! The basis trade lets you profit from the price difference between the spot price and futures price of $DOGE. It’s a low-risk strategy for those who know their way around crypto markets.
• Limited-Time Achievements: Backpack is sweetening the deal with special achievements. Earn points and rewards by jumping into these new features—perfect for gamers and crypto enthusiasts alike!

The tweet itself is a hilarious nod to the classic Doge meme, with phrases like “much doge,” “such listing,” and “wow” plastered all over a Shiba Inu wearing a red backpack. It’s a fun way to highlight features like “doge collateral,” “capital efficient,” and “much yield,” showing off the platform’s playful yet functional approach.

Why This Matters for Meme Coin Fans

Dogecoin started as a joke back in 2013, but it’s grown into one of the most popular meme coins out there, thanks to its community and celebrity endorsements (think Elon Musk!). Adding it to Backpack Exchange opens up new ways to engage with $DOGE beyond just holding or trading on bigger exchanges like Binance. With lending and basis trading, you can now earn passive income or explore arbitrage opportunities, which is a big win for the “shibes” (the affectionate name for Dogecoin fans).

For those new to these terms, here’s a quick explainer:

• Spot Trading: Buying or selling $DOGE at its current market price.
• Perpetual Futures (Perps)​: Contracts that let you bet on $DOGE’s price without owning it, ideal for advanced traders.
• Basis Trade: A strategy to earn profit from small price differences between spot and futures markets.
• Collateral: Using your $DOGE as a security deposit to borrow other cryptocurrencies.

How to Get Started

Ready to jump in? Head over to Backpack Exchange to set up your account. You’ll need a crypto wallet and some funds to get started—think Tether (USDT) or Bitcoin (BTC) to cover fees. The platform’s designed to be easy to use, so whether you’re a newbie or a pro, you can start trading or lending $DOGE in no time. Just keep an eye on liquidity, as one user pointed out, to ensure smooth transactions!

The Community’s Reaction

The X thread is full of excitement! Fans are posting Doge memes, with one user asking, “Who let the Doge out?” alongside a GIF of the Shiba Inu on a rocket. Others are hyped about earning passive income through lending or trying out the basis trade. There’s even a bit of skepticism about liquidity, but overall, the vibe is positive and playful—fitting for a meme coin like $DOGE.

Final Thoughts

The Dogecoin listing on Backpack Exchange is a big step for meme coin enthusiasts. With spot trading, perps, lending, and unique features like the basis trade, it’s a playground for both casual holders and serious traders. Plus, those limited-time achievements add an extra layer of fun. So, grab your virtual backpack, unleash your inner Shibes, and see what $DOGE has in store for you on Backpack!

Stay tuned to Meme Insider for more updates on your favorite meme coins and the latest in blockchain tech!