Kraken has recently announced the listing of a new meme coin, Pepe (PEPE) on their exchange. Pepe is a digital token built on the Ethereum blockchain that enticed crypto enthusiasts when it was first released in April 2023. As of now, users can fund and trade PEPE on Kraken, navigate to “Funding”, select the asset and deposit it in to their accounts. Trading is enabled usually via Spot Markets in Kraken with the order size of 500,000 PEPE and a minimum of 2 million PEPE is required for a deposit. Although advanced trading such as Kraken App and Instant Buy can be used feature once the necessary liquidity conditions are met.

However, due to certain restrictions, PEPE is not available for trading in certain countries such as Canada and US. The price of PEPE is recorded to be $0.00000174 at the time of writing and has enormous potential of reaching an all-time peak of $0.00000431. Following that, PEPE has encumbered a 59.46% drop.

Although Kraken is the first to list PEPE on its trading platform, there are other cryptocurrency exchange where PEPE is yet to be traded. Major crypto exchanges such as Binance, OKX, Bitget and KuCoin have all listed and are actively providing trading service for this meme token. According to CoinGecko’s data, Binance captures a large portion of PEPE’s trading volume, currently at 33.42%.

Despite the bearish market of the crypto industry, PEPE continues to attract crypto traders’ attention. It is yet to be known whether PEPE will be able to challenge Dogecoin (DOGE) and Shiba Inu (SHIB) which have been the two popular meme currencies of the digital currency market. With Kraken betting on this meme coin, one can only speculate what might be the outcome.



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