Japan’s BitPoint Adds $PEPE to Platform, Launches Promotions to Boost Interest
Release: 2024/10/30 23:13 Reading: 536
Japan's BitPoint Adds Popular Memecoin $PEPE to Platform
Japanese cryptocurrency exchange BitPoint has listed the memecoin $PEPE on its platform.
Inspired by the iconic "PEPE the Frog" meme, $PEPE has rapidly gained popularity, ranking 24th in market capitalization per CoinMarketCap data.
BitPoint's announcement on October 30th revealed that the memecoin is now available to Japanese investors for spot trading, lending, and fixed investments.
To commemorate this milestone, BitPoint has initiated two promotional campaigns:
- Raffles for users purchasing over 10,000 yen of $PEPE, with 10 winners receiving 100,000 yen worth of $PEPE coins (active until November 27th, 2024).
- Contests on BitPoint's X account for additional $PEPE prizes.
BitPoint's listing of $PEPE aligns with the growing demand for accessible memecoin investments, similar to Binance's recent addition of the MOODENG memecoin to its futures contracts.
Despite a slight increase of 0.14% in the last 24 hours, $PEPE currently trades at $0.000009501.
Furthermore, a consortium of Japanese companies has proposed prioritizing Bitcoin and Ethereum-based ETFs if the government approves cryptocurrency-based ETFs. This proposal acknowledges the significant market presence and stability of these cryptocurrencies, suggesting a cautious approach to developing a stable cryptocurrency investment environment in Japan.
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