Will Binance List PEPE? CZ Clarifies in Recent AMA

Will Binance List PEPE? CZ Clarifies in Recent AMA

3m
1 year ago

Will PEPE get listed on the world's leading exchange? Binance CEO chips in during the most recent AMA.

Will Binance List PEPE? CZ Clarifies in Recent AMA

Índice

PEPE is the latest memecoin to hit the market with full force. The cryptocurrency is up over 300% in the past seven days, but its increase is tremendously higher since the time it was launched barely two weeks ago.

Following listings on a couple of major exchanges, the community is now speculating whether Binance will be the next to enable trading for PEPE on its platform.

PEPE Listed on Centralized Exchanges

For those of you who may have, for whatever reasons, missed it – PEPE is the newest memecoin to hit the market, and it did so in a spectacular fashion.

The cryptocurrency managed to acquire a market cap of close to $500 million, having launched barely two weeks ago. This, in itself, shook the community. Reports started circling that people had turned minuscule double-digit investments into hundreds of thousands, if not millions, of dollars.

Initially traded only on decentralized exchanges, centralized counterparties quickly caught wind of the trend and began listing PEPE on their platform. Just yesterday, OKX became the latest to do so.

At the time of this writing, PEPE is trading on OKX, MEXC, Gate.io, Huobi, Bitget, Poloniex, and others. This has had many people wonder whether or not Binance is next in line.

What Does CZ Say of PEPE?

Yesterday, the largest cryptocurrency exchange – Binance – hosted an AMA session with its CEO – Changpeng Zhao. A more complete summary can be found below:

While there were many interesting questions, one thing clearly stood out, and it was asked on a few occasions – will Binance list PEPE?

CZ didn’t answer the question straight away, perhaps understanding that if he did, it would immediately cause the market to react. This is usually referred to as the “Binance effect.” It’s when Binance lists a coin, and it immediately skyrockets because of the increased exposure.

That said, he explained that everything that Binance does is dictated by the interest of its users. He outlined that if PEPE continues to trend and sees increased demand, the exchange could list it. He also explained that he’s not personally involved in the listing process.

0 people liked this article

Related Articles

Artificial Intelligence to replace 30% of IBM’s non-customer-facing roles
International Business Machines Corp (IBM) CEO Arvind Krishna has issued a statement indicating that the company may downsize its workforce in areas where artificial intelligence (AI) can effective...
1 year ago
2m
Blur’s NFT Lending Protocol Hits Total Loan Volume of 6,406 ETH in a Day
Total number of loans accepted on Blend in a day after Blur launched the protocol stand at 679. The post Blur’s NFT Lending Protocol Hits Total Loan Volume of 6,406 ETH in a Day appeared first on ...
1 year ago
4m
Crypto Giants: India, China, and USA Leading the Charge in Digital Currency Transactions for 2023
Crypto transactions have grown in popularity in recent years, with a growing number of nations adopting digital currencies. While some countries are hesitant to embrace these technologies, others a...
1 year ago
3m
Announcements
ByBit Launches Internal Cryptocurrency Lending Service for Users
Dubai-based cryptocurrency exchange, ByBit, has announced the launch of its internal cryptocurrency lending service.
1 year ago
3m
Blog
[Feature] Pro-Crypto vs. Anti-Crypto: To Regulate or to Ban?
As the pro- and anti-crypto groups continue to battle it out, it is worth examining both sides of the “coin”. Is banning crypto more beneficial or is regulating it the way to go?
1 year ago
4m
Binance Sides Team Retail Against Justin Sun's SUI Farming
Binance has threatened Justin Sun who allegedly attempted to farm SUI tokens through the exchange's Launchpool
1 year ago
4m