BinanceUS to list PEPE meme coin

BinanceUS plans to add the Pepe the Frog-themed meme token to its trading platform.

BinanceUS will enable trading for Pepe (PEPE), the cryptocurrency’s third-largest meme coin by market cap. The token is available on Binance’s global exchange, but its US subsidiary has refrained from listing various digital assets due to regulatory uncertainty and lawsuits.

However, after Republican Donald Trump won the November 6 presidential election, policy restrictions and pressures on cryptocurrencies eased. Since Trump’s victory, BinanceUS and Coinbase have listed many meme coins for US crypto investors.

Coinbase acquired Giga Chad, Turbo (TURBO), Dogwifhat (WIF), and Floki (FLOKI) following President Trump’s re-election.

Meme coins have frequently witnessed price increases following listings on major centralized exchanges such as Binance and Coinbase. The same was true for PEPE, which rose 10% following the BinanceUS announcement.

However, it was unclear whether the token rose due to the news or whether meme prices rose along with the broader digital asset market. At the time of writing, the total crypto market has grown by 2.6%, reaching $3.7 trillion. The breast industry has risen with this rise, reaching a total of 133 billion dollars. The cumulative meme coin value was just a few million shy of Tether’s (USDT) $134 billion market cap.