Crypto Exchange WazirX Follows Binance To List PEPE, CoinDCX Denied Listing
India’s largest crypto exchange WazirX has finally listed meme coin PEPE after the Indian crypto community repeatedly requested Indian crypto exchanges to list PEPE amid massive hype.
WaxirX in a tweet on May 6 revealed that deposits for PEPE meme coin are live on the crypto exchange and users can start depositing their coins onto the exchange. In a following tweet, the exchange announces that it has opened trading for PEPE as deposits reached a sufficient level.
As per WazirX, users can start trading PEPE against USDT trading pair on the platform.
⚡️ PEPE/USDT trading is live on WazirX ⚡️
You can now buy, sell, and trade $PEPE in the USDT market of WazirX! @pepecoineth
Spread the word 🙌https://t.co/pwcmSSWNlH
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) May 6, 2023
The demand for listing meme coins continues to rise in the crypto community as meme coins’ prices rally higher. WazirX has listed several meme coins including FLOKI in March. FLOKI price continues to rise after Binance.US and Binance also listed FLOKI.
The PEPE listing came after Binance and several top exchanges listed PEPE on Friday. PEPE price is currently trading at $0.00000287, up 50% in the last 24 hours and 800% in a week.
Meanwhile, another leading Indian crypto exchange CoinDCX has denied listing PEPE citing investment risk to users. CoinDCX CEO Sumit Gupta said the exchange whas decided to not list PEPE, despite the hype and listing by top exchanges.
He further added that limited on-chain liquidity on Uniswap is the major challenge with PEPE. The exchange will continue to monitor the market and list assets that offer value to its users.
“We take our responsibility as a trusted platform very seriously, and we believe that listing PEPE could potentially put our users’ investments at risk.”
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