CFD trading on Dogecoin

Trade CFDs on DOGE price movements with a City Index account, regulated in Australia since 2006.

 

Trade Dogecoin with CFDs

Enjoy tight spreads and low margins when you trade CFDs on Dogecoin with City Index.

doge large

Live Pricing

Dogecoin market information

† May change due to market conditions.

‡ trading hours on cryptocurrencies are 08:00 Mon - 08:00 Sat (AEDT)

* Please note margin requirements can vary depending on the risks associated with the underlying market. For details of the exact margin requirements on all of our markets, please view the market information sheet in the platform.

Background to Dogecoin

Dogecoin omni
Dogecoin omni

What is Dogecoin (DOGE)?

Dogecoin is a decentralised cryptocurrency and altcoin. It was the first ‘meme’ coin; therefore, DOGE derives its value from community building and social momentum rather than tokenomics or fundamentals.

CFDs
CFDs

How to trade CFDs

Learn all about how to trade CFDs and discover the principles and benefits of this popular method of trading.

Forking
Forking

What is forking?

A fork – or forking - occurs when a blockchain diverges into two potential paths forward. Dogecoin was originally copied from a now-defunct crypto called LuckyCoin, which itself was a fork of Litecoin.

Why trade Dogecoin CFDs with City Index?
Performance Analytics

Speculate on the Dogecoin price without the need to own the cryptocurrency or have a digital/hardware wallet

Trade

Trade Dogecoin CFDs the same way you would trade commodities, shares or indices

Trust

Experience exposure to the performance of DOGE with a trusted, global broker, regulated in Australia since 2006

Markets commentary

Get Dogecoin insight and the latest news from our Reuters feed

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Dogecoin CFD trading FAQs

What are cryptocurrencies?

Cryptocurrencies are digital tokens based on blockchain technology that act as a virtual currency. Many cryptocurrencies are mined into existence through the ‘Proof of Work’ system, involving the solving of complicated mathematical puzzles by high-powered computing software, with a cryptocurrency token made available to the owner as a reward.

However, a newer system known as ‘Proof of Stake’ involves contributors staking their own cryptocurrency in exchange for a chance to validate new transactions, update the blockchain, and earn a reward. Ethereum, for example, is expected to move to the Proof of Stake model in 2022.

Most cryptocurrencies are decentralised, which means that they are not connected to or affected by an authority such as a government or central bank.

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How old is Dogecoin?

Dogecoin was launched in 2013 by Billy Markus and Jackson Palmer, a tech duo who met on Reddit.

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Do I have to trade a whole Dogecoin?

No, one of the main benefits of Dogecoin CFDs is that you can trade fractional amounts and not an entire Dogecoin per transaction.

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Can I trade other cryptocurrencies with City Index?

Yes, you can trade a range of cryptocurrencies with City Index, such as Bitcoin, Ethereum, Ripple and Litecoin, available at a margin rate of 50%. Click here to find out more about the cryptocurrencies we offer.

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