Another relevant cryptocurrency exchange shares Pepe. Now only Coinbase is missing from the list.
The bubble is not deflating. Even Bitfinex just announced the listing of PEPE, thus leaving Coinbase as the only major exchange not offering to buy and trade the meme token, which has dominated markets and volumes since late April.
Deposits will be available to start on May 23. It will be possible to trade against both Tether, an exchange-traded stabelcoin, and the U.S. dollar.
As for trading, it will open tomorrow April 24, 2023. The Bitfinex exchange is the latest in a chronological order of Pepe listings on major cryptocurrency exchanges around the world. Before Bitfinex, Binance, Kraken, OKX and others have already done so, leading the rankings by market capitalization.
Also Bitfinex about Pepe: what it will mean for the token meme of the present
Bitfinex's emergence completes the picture - barring any high-profile surprises from Coinbase - of Pepe listing on the world's major cryptocurrency exchanges.
The exchange, which is also linked through the same owner to Tether, announced late last night that it would start first deposit operations and then trading on the meme of the moment token, though at least the first wave of enthusiasm around the token seems to have waned a lot.
How the scenario for Pepe will change
It will be necessary to assess how volumes on other centralized exchanges that have already listed the token will change, as well as whether Uniswap's share will decline further.
Quotes on exchanges of this size usually make the token market more stable and liquid, although we are dealing with a meme with even more volatility than classic cryptocurrencies.
How has the price of Pepe reacted?
Of course, this is not the price that fans of this token meme expected. And the markets, after a brief rise, have mostly corrected, bringing the price of Pepe back to the level of 24 hours ago and behind market leaders Bitcoin and Ethereum.
Overall, it does not appear that further listings will give a boost to the value of $PEPE in the market, except for a possible listing of $PEPE on Coinbase, a hypothesis that, however, at least for the moment, continues to seem rather remote.