Crypto exchange Binance has created a stir in the industry by expanding trading opportunities for leading meme coins. Company, Dogecoin $0.339813 (DOGE) announced that it will increase support for Pepe Coin (PEPE) and Shiba Inu (SHIB) tokens. This expansion aims to increase trade opportunities, especially in the African region.
Increasing Trading Pairs
According to Binance’s official statement, its P2P division will begin supporting new trading pairs in select fiat regions across Africa. DOGE, PEPE and SHIB tokens will be tradable against certain African fiat currencies. These fiat currencies include ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF and ZAR.
Increasing User Base
Binance’s large user base will be able to buy and sell these trading pairs directly using a variety of native payment methods in its P2P section. Improved trading opportunities have led to speculation that meme coins could have a positive impact on the prices of these assets by increasing global market visibility.
Crypto market participants think that increased trading opportunities could positively impact future price movements of coins in 2025, with sentiments supported by a continuing bull cycle.
Binance announced that it will support new trading pairs in Africa through its P2P division.
Additionally, positive or extended support from leading crypto exchanges such as Binance is boosting investors’ overall sentiment. Cryptocurrencies appear to be gearing up for a possible rally with expanded trading opportunities.
Performance of Meme Coins
With Binance’s announcement, DOGE’s price rose 1% to $0.3382. SHIB price is trading at $0.00002278, up 2.5%. PEPE coin increased by 0.5%, reaching $0.00002026. On weekly charts, these coins showed significant gains.
Market observers expect Binance’s expanded trading facilities to contribute to further assets growth. Additionally, Binance received important regulatory approval in Brazil, strengthening the exchange’s position in the industry.
Binance’s Global Strategy
Binance continues to grow globally through its emerging markets strategy and revolutionary trading capabilities. These steps reinforce the exchange’s leading position in the industry and offer more comprehensive services to its users.
The steps taken by Binance in markets such as Africa and Brazil are considered as part of the company’s global strategy. This expansion both creates new opportunities for local users and strengthens the position of meme coins in the crypto market.
Investors and traders are closely monitoring the future performance of meme coins with these new opportunities offered by Binance. Emerging market dynamics increase the value appreciation potential of these coins.
Binance’s mobility in global markets contributes to the further integration of the crypto ecosystem. Such steps support the adoption and expansion of cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
