The controversial cryptocurrency Pepe (PEPE), which was inspired by a meme, has been listed for trade on the cryptocurrency exchange BitMEX’s platform, according to a tweet from the company.
With up to 50x leverage, users can now trade the digital currency against the US dollar (USD) and Tether (USDT). The outcome comes in the wake of Pepe’s recent popularity spike, during the period when its 24-hour trading volume surpassed that of the well-known Dogecoin (DOGE), which recorded a volume of $312 million. Pepe, the controversial meme-based cryptocurrency, has established itself as the most popular meme coin on the market thanks to its link with the well-known Pepe the Frog character.
Pepe (PEPE) is a cryptocurrency that can be traded on a number of other major cryptocurrency exchanges. Uniswap (v2), MEXC Global, Huobi, and Gate.io are some of the major exchanges that offer Pepe trading pairs. These exchanges provide a number of Pepe trading pairs, including PEPE/USDT and PEPE/WETH, with OKX recording the largest trading volume (34.75% of the total volume for the 24-hour period).
Even though the digital currency primarily functions as a speculative vehicle, it’s listing on BitMEX and other significant exchanges may further validate the asset and attract more traders. Over the last 24 hours, Pepe has dropped by 15%.