State-of-the-art digital asset trading platform, Bitfinex has announced today that it will be listing the trending meme coin PEPE on its platform. Meme coins continue to enjoy acceptance and attention in the crypto community.
In a recent development, the popular cryptocurrency exchange Bitfinex has opened its doors to Pepe (PEPE), a new cryptocurrency that has been making headlines since its emergence.
The platform made it known in a press release earlier today on its website. PEPE was created in April 2023, and it rose to fame quickly because of its unique features. Some of the features include a burn mechanism, a no-tax policy, and a redistributive system.
This listing will play a major role in the adoption of the new coin. In the press release, the Head of Tokens at Bitfinex, Henry Child said “Memecoins are rapidly growing in popularity. We are excited to introduce PEPE tokens to the Bitfinex ecosystem.”
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According to the announcement, deposits of PEPE on Bitfinex will open on May 22, 2023, at 10 am UTC. Furthermore, trading of the token will start on May 24 at approximately 10 am UTC.
PEPE is to be traded against the US Dollar (USD) and Tether tokens (USDt). In addition, Bitfiniex reminded the public that US residents as well as other prohibited countries are not allowed to perform any transactions on the platform.
“Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.”
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Kraken lists PEPE
Bitfinex is not the only top crypto exchange platform to have listed the meme coin. Earlier today, Kraken, a San Francisco-based crypto exchange announced that it will also be listing PEPE.
PEPE listing on Bitfinex follows its listing on other notable crypto exchanges like Binance, OKX, Bitget, and KuCoin. At press time, Binance holds PEPE’s largest trading volume with over 30%.
The wide acceptance of the PEPE is an indication of the crypto markets growing interest in meme coins.
PEPE price today
According to live data from CoinGecko, the price of PEPE is $0.00000155. It is currently down by 3.25% in the last 24 hours. What’s more, PEPE is ranked #75 on the CoinGecko chart with a live market cap of $647,865,834.
Source: CoinGecko
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.