British Virgin Islands-based cryptocurrency exchange Bitfinex has finally listed the trending meme coin PEPE as a tradeable asset on its platform. The decision which sent excitement through the meme coin community is a clear indication of the broad acceptance of these digital assets.
In a follow-up development, the crypto exchange previously announced on May 22 that it will be opening its doors to PEPE. The coin launched about a month ago has taken over the crypto meme community by storm.
PEPE pays homage to the popular internet Pepe the Frog meme. Bitfinex made the announcement on its official Twitter account late last night stating that PEPE is now open for trading.
šø $PEPE from @pepecoineth is now open for trading at Bitfinex!
Join the memecoin fun, start trading today and enjoy our trading fee discount:
š ZERO fees for market makers
š„ 4 bps for market takershttps://t.co/V8jECeNuon pic.twitter.com/5EJww7x5szAdvertisement
— Bitfinex (@bitfinex) May 24, 2023
The development marks a major step for PEPE toward mainstream adoption. Furthermore, the announcement was received with positivity among the crypto community.
PEPE was created in April 2023 with the aim of competing with the two most popular meme coins in the market, Dogecoin (DOGE), and Shiba Inu (SHIB). Within the first week of May, PEPE experienced an exponential surge which saw its market cap crossing $1 billion all the way towards $1.8 billion at some point.
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The innovative strategy of the meme coin and the vast appeal of meme culture has helped it carve out a position in the very competitive cryptocurrency industry. The listing of PEPE on Bitfinex comes as the token’s popularity is proliferating.
Moreover, Bitfinex has announced a discount on trading fees to make it more appealing to traders. Bitfinex offers zero fees for market makers and a very enticing low rate of 4 bps (basic points) for market takers.
PEPE price today
According to live data from CoinGecko, the price of PEPE today is $0.00000144. It is down 4.19% in the last 24 hours. Furthermore, PEPE is ranked #76 on CoinGecko’s chart with a live market cap of $604,925,610.Ā
The exact effect of PEPE getting listed on Bitfinex is yet to be seen. Meanwhile, investors remain positive as to how the price will be impacted in the coming weeks.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.