Binance will include FLOKI and PEPE in its list of innovation zones

Binance, the world's largest cryptocurrency exchange, has confirmed the listing of Floki Inu (FLOKI) and PEPE in the innovation zone on its platform. According to a statement from the company, a listing fee of 0 BNB applies to trading pairs involving the FLOKI and PEPE duo.

 

In line with the statement released, Binance also confirmed that the exchange will open trading for spot pairs FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, PEPE/TUSD in the second half of today. This way, users are encouraged to start funding their account with either or both memcoins in advance of trading. FLOKI and PEPE deposits will be available starting today, but users will not be able to withdraw until May 6. Changpeng "CZ" Zhao, chief executive (CEO) of Binance, previously hinted that the exchange was skeptical about listing PEPE, citing that memcoin lacks transparency and has high risk. During one of its "Ask Me Anything" sessions, CZ showed its approval of Shiba Inu over the PEPE meme coin.

 

"We don't like coins that have a very small supply in circulation, but they have a large total supply," he said on Twitter Spaces earlier this month, adding that "when there is a small supply in circulation, some coins become known and people want to buy them because the price is very high. But then when more supply comes into circulation, the price can fall. Well, it probably will, or at least has a higher downside risk. We try to avoid that."

 

At the same time, he noted that he has no direct involvement with the listing. "We actually have a strict policy: even if we talk to the project team, we prohibit them from divulging anything about the listing, etc.," Zhao added.

 

FLOKI, PEPE, other memcoins get attention

 

With CZ's previous position, it came as a surprise when the exchange confirmed the listing. Approximately 48 hours after listing, FLOKI and PEPE will be added as new leveraged assets on Isolated Margins along with their new margin pairs FLOKI/USDT and PEPE/USDT. The announcement seems to have caused some excitement in the market, as PEPE is up more than 40% and FLOKI is up more than 60%.

 

FLOKI has already appeared on other leading cryptocurrency exchanges, but a listing on Binance has been expected for a long time. In March, KoinBX, a leading cryptocurrency exchange, announced plans to list FLOKI for USDT and INR trading pairs. There are generally rave reviews about FLOKI and many other memcoins. The platform behind the Floki memcoin has proven useful over time with several solutions, such as the cryptocurrency debit card, the non-fungible token (NFT) game, and various NFT collections.