Bitfinex, a distinguished digital asset buying and selling platform that provides quite a lot of superior buying and selling instruments and companies, has formally introduced its intention to listing Pepe (PEPE) token, which is a tribute to the famed web meme, Pepe the Frog.
Created in April 2023, the meme coin shortly gained reputation as a consequence of its distinctive options: a no-tax coverage, a burn mechanism to take care of shortage and a redistributive system.
“Memecoins are quickly rising in reputation. We’re excited to introduce PEPE tokens to the Bitfinex ecosystem,” stated Henry Baby, Head of Tokens at Bitfinex.
This growth signifies a significant step in PEPE’s march towards mainstream adoption.
Deposits for PEPE might be open on Bitfinex from Might 22 at roughly 10 a.m. UTC, with buying and selling commencing two days later.
The coin could be traded in opposition to the U.S. greenback and Tether (USDT) tokens. Nevertheless, Bitfinex has made it clear that US residents aren’t allowed to carry, personal or function an account on its platform.
As reported by U.In the present day, Kraken, one other famend cryptocurrency trade, has additionally added PEPE to its lineup.
The itemizing of PEPE on Bitfinex and Kraken follows a pattern of different notable exchanges, together with Binance, OKX, Bitget, and KuCoin, providing entry to the favored memecoin.
Binance at present holds the most important share of PEPE’s buying and selling quantity at simply over 30%.
The doorway of tokens akin to PEPE additional highlights the rising curiosity and funding in memecoins.
