Binance Expands Trade Offerings For POPCAT & MEW; Memecoins To Rally?

Crypto exchange Binance has made an important announcement today on 2 meme coins, POPCAT and MEW. The announcement stated that Binance Futures Copy Trading will add the following USDⓈ-M Perpetual Contracts today at 09:00 (UTC): POPCATUSDT, MEWUSDT. As per the announcement, users can now trade POPCATUSDT and MEWUSDT on the copy trading platform.

Memecoins To Rally?

Market watchers now contemplate whether Binance’s newly enhanced offering could see the Solana meme coins rally ahead. 

Copy Trading allows users to copy experienced traders’ portfolios in real-time. After determining the investment amount, the system will automatically copy trades from the lead traders’ portfolios that the users select, the exchange noted. 

As more and more buyers rush to capitalize on the gains, an increase in buying pressure could induce bullish momentum into the meme coins. In a nutshell, as the largest crypto exchange looks to expand its offerings for the mentioned cryptocurrencies, market observers are hopeful and remain optimistic outlook over future price movements. 

In line with Binance’s announcement, the POPCAT price rose nearly 4%, reaching $1.30. At the same time, MEW’s price gained nearly 2% today. Notably, the cryptos’ rising price movement aligns with the enhanced trade offerings by one of the leading crypto exchanges.

Additionally, the exchange also listed Solana-based PONKE recently, which caused a similar upswing effect on the coin’s price. However, PONKE traded down nearly 4% today, igniting differing views about the Solana meme coins prices.

On the other hand, CoinGape Media reported that GOAT price extended weekly gains to nearly 200% with the exchange’s launch of futures listing recently. Overall, market watchers remain uncertain over POPCAT and Cat in Dogs World’s prices ahead in light of recent listings.

Binance’s Emphasis On Regulation In Crypto Industry

Binance Blog published a new article, exploring the impact of regulation on the cryptocurrency industry. The article delves into the dual nature of regulation, highlighting its potential to foster growth and trust while also posing challenges to innovation.

It underscored that as the crypto world continues to evolve, the role of regulation becomes increasingly significant, prompting discussions on whether it acts as a protective measure or a hindrance.