WazirX, a cryptocurrency exchange, has decided to list the PEPE meme coin, following in the footsteps of Binance. However, the CEO of CoinDCX has declined to list PEPE on their platform.
India’s largest cryptocurrency exchange, WazirX, has responded to the persistent demands of the Indian crypto community and listed the popular meme coin PEPE, joining the wave of excitement surrounding its launch.
In a tweet posted on May 6, WazirX announced that they have enabled deposits for the PEPE meme coin on their platform. Users can now start depositing their PEPE coins onto the exchange, and trading will commence once the deposit level reaches a satisfactory threshold.
According to WazirX support, the exchange will provide a subsequent update regarding the start of PEPE trading in the near future.
PEPE deposits are live 🚀
Retweet & spread the word 🙌
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) May 6, 2023
The crypto community’s demand for listing meme coins remains high as their prices experience significant rallies. WazirX, in March, listed several meme coins, including FLOKI. Following suit, FLOKI’s price continues to soar after being listed on Binance.US and Binance.
Following the footsteps of Binance and other leading exchanges, WazirX has listed PEPE on Friday. The price of PEPE has surged to $0.00000287, marking a 50% increase in the past 24 hours and a remarkable 800% surge over the past week.
Despite the hype surrounding PEPE and its listing on top exchanges, CoinDCX, a prominent Indian crypto exchange, has chosen not to list the meme coin. CoinDCX CEO Sumit Gupta cited potential investment risks to users as the reason for their decision.
Sumit Gupta, CEO of CoinDCX, also highlighted the major challenge of limited on-chain liquidity on Uniswap with PEPE. The exchange will closely monitor the market and focus on listing assets that bring value to its users.
“We prioritize the trust and security of our users and take our role as a reliable platform seriously. Therefore, considering the potential risks, we have decided not to list PEPE to safeguard our users’ investments.”