Binance, a top global cryptocurrency exchange, is taking steps to support the Memeland community by introducing trading pairs for MEME tokens.
According to a recent statement from Binance, a major global cryptocurrency exchange, they’re ready to list MEME (Memecoin) for trading. This comes after the successful launch of Memecoin on Binance Launchpool, a crypto-staking platform.
Binance will now provide trading support for MEME and its spot trading pairs starting today, November 3. The launch of this new coin has attracted the interest of investors and traders, leading to speculation about Memecoin’s price.
Binance Launches Memecoin (MEME) Trading
Binance, a major cryptocurrency exchange, has started trading for Memecoin (MEME) as of November 3. They have listed MEME for trading in pairs with various cryptocurrencies, including BNB, USDT, FDUSD, TUSD, and TRY.
Furthermore, within 48 hours of the start of trading, Binance plans to introduce TradingBots services for the MEME/USDT trading pair.
Binance has also announced that there will be no maker fees for users trading MEME against FDUSD and TUSD until further notice. Additionally, Binance Futures is set to launch the USDⓈ-M MEME Perpetual Contract on November 3 with up to 50 times leverage.
Memecoin’s Recent Performance and Expectations
Despite hitting $10 million in commitments during its token sale, Memecoin (MEME) experienced a significant 20.05% drop in its price over the past week. The 24-hour trading volume for the token remained unchanged at $198,172,059, and the market cap saw a decline of 20.88%, reaching $186,677,418. As of now, MEME is priced at $0.02127, reflecting a 21.51% decrease in the last 24 hours.
Memeland has announced the availability of Airdrops and FireSale for MEME on November 3. Crypto enthusiasts are closely watching the token, hoping for a positive response from the community and a potential price improvement. Despite the recent listing of Memecoin and its trading pairs on Binance, the coin continues to display high volatility and remains in a downturn.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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