Key points to remember:
- Binance.US adds PEPE: Binance.US has listed the PEPE memecoin, allowing trading against USDT starting December 5 at 11:00 UTC, amid growing interest in memecoins.
- Growth of the Memecoin market: The collective market capitalization of memecoins has surpassed $130 billion, reflecting their significant role in the crypto sector.
- Broader trend: US exchanges like Coinbase and Binance.US are actively expanding their memecoin offerings, driven by social media buzz and optimism following the crypto-friendly election victory of Donald Trump.
Binance.US added the popular memecoin PEPE to its platform, allowing you to trade against Tether (USDT) departure December 5, 2023.
This approach highlights the growing focus on memecoins among US-based cryptocurrency exchanges.
Deposits for $PEPE are now open on https://t.co/AZwoBOh0gq!
Trading on the PEPE/USDT pair will begin on December 5 at 6:00 a.m. EST.@pepecoineth is a meme piece based on the popular internet character, Pepe the Frog.
Learn more: https://t.co/dJB9QYaGvm pic.twitter.com/Q3Aww1DnD2
– Binance.US 🇺🇸 (@BinanceUS) December 4, 2024
The PEPE has attracted considerable attention, driven by strong social media and community supportand holds a a market capitalization close to $9 billion from December 4according to CoinGecko.
This announcement is part of a broader increase in memecoin adoption by major scholarships like Binance.US And Coinbase.
The trend reflects the growing demand for these tokens, further supported by the President-elect Donald Trump’s pro-crypto stanceof which the elections generated optimism in the industry.
Coinbase has already expanded its memecoin offerings, listing tokens like MOODENG, MOG and WIF.
Binance.US was also recently added Bonk (BONK)a dog-themed memecoin.
Of the December 4THE the total market capitalization of memecoins has exceeded $130 billiondemonstrating their notable influence.
However, community reactions remain divided.
Supporters support that memecoins redirect the speculative behavior of altcoins, while critics compare their popularity to the game.
THE growing integration of memecoins in consumer platforms highlights their evolving role in the crypto ecosystemsparks ongoing debates about their value.
About the author
Adam Morris, co-founder of Crypto Head and respected crypto expert, provides insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and articles in leading publications such as Forbes and CNN highlight his deep understanding of the crypto world and its future potential.
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