In a recent surge within the cryptocurrency market, Bitcoin‘s value soared past $68,000, drawing attention to the potential of reaching $69,000. Currently, Bitcoin’s price lingers around $67,000, marking a slight 2% drop, the first in several days. In the midst of these market trends, Binance has captured the spotlight by announcing the introduction of a new meme coin, PEPE—with the ticker 1000PEPE—and another unidentified altcoin to its Futures trading platform.
Expansion of Trading Options
Binance remains a major point of interest for traders through its constant updates, including new listings and expansions to its Futures trading. The exchange has disclosed that MYROUSDT and 1000PEPE will be incorporated into its Futures trading, offering up to 50x leverage. This update is scheduled for execution today at 11:30 local Turkish time, enhancing the variety of trading instruments available on the platform.
Market Reaction to New Listings
PEPE’s valuation has been climbing over the past week, riding the crest of the meme coin wave within the industry. As of this announcement, PEPE continues its ascent, appreciating by 12% over the last day to $0.000007504. The coin’s 24-hour trading volume has surged by 41%, exceeding $4 billion, while its market capitalization has similarly risen by 12%, surpassing $3 billion.
Concurrent with Binance’s proclamation, MYRO’s worth experienced a meteoric rise of 70%, reaching $0.286. The market capitalization of MYRO echoed this growth, advancing past $265 million. The altcoin’s daily trading volume has also grown by 94%, stabilizing above $226 million.
Announcements from Binance Futures are recognized for their considerable influence on cryptocurrency values, suggesting that investors should practice caution during these market developments.