This trending meme coin gets more support from Binance: details

TL;DR

Binance added trading bot services for PEPE/FDUSD, SUI/FDUSD and EIGEN/TRY pairs, with regional restrictions. On the other hand, it eliminated several pairs due to potential factors such as poor liquidity. Additional trading options for users

Today (October 11), the largest crypto exchange expanded the list of options offered on Binance Spot by including trading bot services for three trading pairs: PEPE/FDUSD, SUI/FDUSD and EIGEN/TRY.

The company cautioned that they will be subject to eligibility based on the customer’s country or region of residence. Those living in Canada, the United States, the Netherlands, Cuba, Syria, the Crimea region, and more will not be able to dive into it.

The latest series of listings features one of the most popular meme coins: the frog-themed Pepe (PEPE). Binance officially accepted it in May of last year and continued to show support in the following months.

Earlier this year, the exchange added PEPE as a loanable asset to Binance Loan. He also included the PEPE/EURO pair in the list of trading options offered in his spot program.

The meme coin witnessed little to no volatility after the most recent announcement, around the same level seen on October 10th.

PEPE Price, Source: CoinGecko

However, this was not the case when Binance listed it on its platform, as it pushed PEPE’s market cap above $1 billion. In the months that followed, the figure continued to rise to the current $3.9 billion.

The Delisting

Contrary to the newly included pairs mentioned above, Binance also removed some existing ones due to multiple factors including poor liquidity and trading volume. Spot trading pairs unavailable as of October 11 are APE/ETH, ATOM/BNB, BAL/BTC and BNB/DAI.

“Delisting a spot trading pair does not affect the availability of tokens on Binance Spot. Users can still trade the base of the spot trading pair and trade assets on other trading pairs available on Binance,” he said. secure the signature.

Earlier this week, he shared important information for holders of some previously delisted cryptocurrencies, including Tornado Cash (TORN), Vai (VAI), OMG Network (OMG), Waves (WAVES), Barn Bridge (BOND), Mdex (MDX), Dock (DOCK), NEM (XEM), Polkastarter (POLS) and Pundi X PURSE (PURSE).

It advised users to take a snapshot of their holdings and show it by October 29, promising to convert them to an equivalent amount of USDC by April 28, 2025:

“Conversion will be made based on the average exchange rate of the token to USDC between 2024-10-29 00:00 (UTC) and 2025-04-28 23:59 (UTC) (hereinafter ” Conversion Period” ).

Please note that Binance will update this announcement and send a separate email to all affected users when the conversion of said tokens to USDC is complete,” the exchange clarified.

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