Crypto Exchange WazirX Follows Binance To List PEPE, CoinDCX Denied Listing

India’s largest crypto exchange WazirX has finally listed meme coin PEPE after the Indian crypto community repeatedly requested Indian crypto exchanges to list PEPE amid massive hype.

WaxirX in a tweet on May 6 revealed that deposits for PEPE meme coin are live on the crypto exchange and users can start depositing their coins onto the exchange. The exchange will open trading for PEPE after deposits reached a sufficient level.

As per WazirX support, the exchange will make a further announcement regarding the commencement of PEPE trading soon.

PEPE deposits are live 🚀

You can now deposit $PEPE on WazirX .@pepecoineth!

Retweet & spread the word 🙌

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) May 6, 2023

The demand for listing meme coins continues to rise in the crypto community as meme coins’ prices rally higher. WazirX has listed several meme coins including FLOKI in March. FLOKI price continues to rise after Binance.US and Binance also listed FLOKI.

The PEPE listing came after Binance and several top exchanges listed PEPE on Friday. PEPE price is currently trading at $0.00000287, up 50% in the last 24 hours and 800% in a week.

Meanwhile, another leading Indian crypto exchange CoinDCX has denied listing PEPE citing investment risk to users. CoinDCX CEO Sumit Gupta said the exchange whas decided to not list PEPE, despite the hype and listing by top exchanges.

He further added that limited on-chain liquidity on Uniswap is the major challenge with PEPE. The exchange will continue to monitor the market and list assets that offer value to its users.

“We take our responsibility as a trusted platform very seriously, and we believe that listing PEPE could potentially put our users’ investments at risk.”

Also Read: Ethereum Foundation and Vitalik Buterin Move 15K ETH; Is An ETH Crash Ahead?

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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