The Pepe Coin (PEPE) price surged by 3% after Binance announced the expansion of its support for the token in the Middle East and North Africa (MENA) region.
Binance Support for PEPE Trading Pairs in MENA
Binance confirmed that it has introduced new fiat trading pairs for PEPE on its P2P trading platform. This update enables users in the MENA region to trade PEPE using local currencies. The platform also includes several local payment options to reduce the challenges of payment processes throughout the trading process for traders in this region.
Market Optimism: Increased Accessibility for PEPE
The addition of PEPE trading pairs for the MENA currencies is a strategy that is being used to ensure that the token is traded in more markets. Market participants believe this to be a positive for PEPE’s future performance especially given the slowdown in the broader cryptocurrency market.
Market Recovery Boosts PEPE Price
This 3% price surge in PEPE is in correlation to a general upsurge in the market for cryptocurrency. The latest announcement from Binance to support PEPE has only boosted the positive outlook of the token even more. According to experts, the growth of fiat-based trading opportunities in the MENA region will bring new users to the PEPE market, leading to a further increase in the price and usage of the token.
Pepe Coin has become one of the top meme tokens in the market as it relies on the masses and the participation of its community. The latest news from Binance has given more trust and recognition to the token, especially in the MENA region.
