Binance has expanded support for DOGE, PEPE, and SHIB coins in Africa. This expansion is generating positive buzz among investors by increasing the market visibility of meme coins.
Cryptocurrency exchange Binance has created a stir in the industry by expanding trading opportunities for meme coins. The company announced that it will increase trading support for Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB) tokens. The move is aimed at strengthening trading opportunities, especially in Africa. According to an official statement from Binance, its P2P division will start supporting new trading pairs with select fiat currencies across Africa. DOGE, PEPE, and SHIB will be tradable with select fiat currencies in Africa. Some of these currencies include ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR. Binance’s large user base will be able to buy and sell these trading pairs directly with various local payment methods.
These new trading opportunities have led to speculation that meme coins could have a positive impact on their prices by increasing their global market visibility. Crypto market participants believe that the increased trading opportunities could support a potential bull market in 2025 and positively influence future price movements of the coins.
Binance has announced new trading pairs in Africa through its P2P division. It is also noted that the expanded support from leading crypto exchanges like Binance has boosted the overall sentiment of investors. Cryptocurrencies seem to be preparing for a possible rally with these trading opportunities.
Performance of Meme Coins
Following Binance’s announcement, DOGE rose by 1% to $0.3382. SHIB rose by 2.5% to $0.00002278. PEPE rose by 0.5% to $0.00002026. On the weekly charts, these coins showed significant gains. Market observers predict that Binance’s expanded trading options will help these assets rise even higher. In addition, Binance’s significant regulatory approval in Brazil has solidified the exchange’s leadership position in the industry.
Binance’s Global Strategy
Binance continues to grow globally with its strategy for new markets and revolutionary trading opportunities. These steps reinforce the exchange’s leadership in the industry while providing its users with more comprehensive services. The steps taken in markets such as Africa and Brazil are seen as an important part of Binance’s global strategy. This expansion creates new opportunities for local users, while also contributing to meme coins gaining a stronger position in the crypto market.
With these new trading opportunities offered by Binance, investors and traders are more closely monitoring the future performance of meme coins. The changing dynamics in the market increase the potential for these coins to gain value. Binance’s activities in global markets help further integrate the crypto ecosystem and increase the adoption of cryptocurrencies.