Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will add two new cryptocurrencies to its Innovation Zone. The exchange revealed that it would be listing FLOKI (FLOKI) and Pepe (PEPE) on its spot trading pairs at 16:00 (UTC) on May 5th, 2023.
The exchange will add FLOKI/USDT and PEPE/USDT, FLOKI/TUSD, and PEPE/TUSD trading pairs.
FLOKI is a relatively new cryptocurrency that has gained popularity in recent months. It was named after the Shiba Inu dog that became famous due to the meme-inspired cryptocurrency, Dogecoin. FLOKI aims to be the go-to cryptocurrency for pet lovers and aims to provide a fun and lighthearted alternative to other cryptocurrencies.
Notably, the project is currently in its early stages of development, but the FLOKI community has high hopes for its success.
On the other hand, Pepe is a cryptocurrency that has been around for a while. Artist Matt Furieas created it as a way to celebrate the popular Pepe the Frog meme.
Adding FLOKI and Pepe to Binance’s Innovation Zone will undoubtedly create excitement among cryptocurrency traders and enthusiasts.
Binance will make FLOKI and PEPE available as new borrowable assets with the newly introduced margin pairs on Isolated Margin, which will happen within 48 hours starting from 16:00 (UTC) on May 5, 2023.
Users can now deposit FLOKI and PEPE for trading purposes, with withdrawals becoming available at 16:00 (UTC) on May 5, 2023.
It is important to note that the listing fee for both tokens is 0 BNB.
It is important to note that the estimated time for withdrawal opening is for users’ guidance, and they can confirm the actual withdrawal status on the withdrawal page.
According to a reminder from Binance, users are advised that memecoins are high risk and should exercise sufficient risk management. Furthermore, PEPE has no token utility or value support mechanism, and insiders or team members were able to buy 7% of the total token supply shortly after TGE.
Binance warns that cryptocurrency trading is subject to high market risk and will not be responsible for any trading losses.