Binance Lists Memecoin for Trading
Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will list Memecoin (MEME) for trading. This comes after the successful launch of Memecoin on Binance Launchpool, a crypto-staking platform. Starting from November 3, Binance will support trading for MEME and its spot trading pairs.
Trading Pairs and Services
Binance will list MEME and open trading for MEME/BNB, MEME/USDT, MEME/FDUSD, MEME/TUSD, and MEME/TRY spot trading pairs. Additionally, within 48 hours of trading starting, the exchange plans to enable TradingBots services for the MEME/USDT pair. Users will also enjoy zero maker fees on the MEME/FDUSD and MEME/TUSD pairs until further notice.
Memecoin Price Tumbles
Despite the listing of Memecoin on Binance, the coin has experienced a significant decrease in price over the past week. The twenty-four-hour trading volume remains constant at $198,172,059, with a market cap fall of 20.88% to $186,677,418. The current MEME price is $0.02127.
Hot Take: Memecoin’s Volatility Continues
With Binance’s listing of Memecoin for trading, investors and traders are eagerly watching to see if the coin’s price will recover. However, the recent slump in price indicates extreme volatility. It remains to be seen how the community and market will respond to Memecoin in the coming days.
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