The largest cryptocurrency exchange by market share, Binance They are looking to make the most of the meme coin craze by recently announcing promotions for the following cryptocurrency token platforms: Shiba Inu (SHIB), Dogecoin (DOGE)and Dog We Pot (WIF).
Binance Announces Interest Fee Waiver for Meme Coin
Cryptocurrency exchange announced. release All users who rent DOGE, SHIB, and WIF pepe, FLOKI, BONK and MEME (Binance Margin) are exempt from the 1-hour interest fee. This promotion will last from March 12th to March 26th. Interestingly, this token is among the top 7 meme coins by market capitalization.
Detailing how the promotion works, Binance noted that interest is typically accrued at the beginning of each hour. Therefore, traders are not charged any interest if they can complete the repayment within the first hour of taking the loan.
The introduction of this new promotion is seen as one of the ways the cryptocurrency exchange is leveraging: Increasing interest in meme coins Recently. So far, this category of crypto tokens has been one of the major stories in the space. bull cycleAnd Binance is hoping that this will entice users to trade these meme coins on its platform.
On cryptocurrency exchanges Recently listed WIF We have listed MYRO, another Solana-based meme coin, for spot trading and for futures trading. Meanwhile, we added the PEPE/USDC pair along with the existing PEPE/USDT pair. This also forms part of the plan to further attract meme coin traders to the platform.
Aside from meme coins, Game-Fi appears to be another major story heading into this space. bull cycle This is something that Binance is also aware of. The cryptocurrency exchange also announced that the interest fee waiver will apply to PORTAL. festivalBNX, YGG, and PIXEL are all gaming tokens.
Cryptocurrency exchange where demand for Shiba Inu is increasing
NewsBTC recently reported Cryptocurrency trading platform robin hood and Crypto.com They have accumulated 332 billion and 2 trillion SHIB tokens respectively. This highlights the increased interest in SHIB from traders in recent times as cryptocurrency exchanges have had to increase their holdings to meet demand.
In particular, demand for SHIB has become very evident through NewsBTC. report SHIB’s daily number of new addresses in March was 20 times higher than the February average. Interest in meme coins appears to have expanded to the wider ecosystem via layer 2 networks. Total Locked Value (TVL) of Shibarium It broke an all-time high (ATH).
At the time of writing, SHIB is trading around $0.00003318, which has risen over the past 24 hours. data From CoinMarketCap.
SHIB price trending at $0.00003242 | Source: SHIBUSDT on Tradingview.com
Featured image from CoinMarketCap, chart from Tradingview.com