PEPE And FLOKI Officially Traded Binance, Meme Coins Soared By More Than 60 Percent

JAKARTA - Binance, the world's largest crypto exchange, has announced that it will include two types of memecoins, namely FLOKI Inu and PEPE into the Innovation Zone on their platform.

In a statement published by the company, Binance stated that BNB's 0-listing fee would apply to trading pairs featuring both types of memecoins.

It was announced that spot trading for FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD pairs will be opened by the end of today. Therefore, users are encouraged to start depositing the memecoin they want to start trading in Binance. However, users can only withdraw funds on May 6.

Previously, Binance CEO Changpeng CZ Zhao expressed doubts about PEPE's listing. This is because the memecoin is less transparent and has a high risk. During one of the 'Ask Me Anything' sessions on Twitter, CZ showed his support for Shiba Inu rather thancoin the character of the PEPE cartoon.

CZ also stressed that he was not directly involved in the listing, although it had previously been announced that Binance would apply for listings on various types of crypto assets in 2021.

The news about FLOKI and PEPE's listings in Binance made crypto traders even more excited, so the price of the memecoin soared sharply. FLOKI increased by more than 60 percent, while PEPE jumped more than 40 percent.

For crypto traders who want to invest in memecoin, listing on Binance can be an interesting opportunity. However, traders should also do research before deciding to invest in the memecoin.