Upbit Adds USDT Trading Pairs for Brett and Pepe
Upbit, South Korea’s largest cryptocurrency exchange, has made a significant move by introducing USDT trading pairs for two popular meme coins: Brett (BRETT) and Pepe (PEPE). This decision comes in conjunction with the launch of the BRETTUSDT perpetual contract on Binance Futures, indicating a broader acceptance of these meme coins in the market.
The Rise of Brett and Pepe in the Crypto World
BRETT, inspired by characters from Matt Fury’s “Boy’s Club” comics, made its debut on Base Chain in February 2024. Despite its lack of specific token utility, BRETT aims to establish itself as a cultural icon within the crypto space and serve as a mascot for Base Chain.
On the other hand, PEPE entered the scene on the Ethereum network in April 2023, leveraging the popularity of the Pepe the Frog meme. Positioned as a competitor to dog-themed meme coins, PEPE seeks to carve out its own niche in the market.
Market Response and Future Prospects
The decision by Upbit to list Brett and Pepe reflects a rising demand for meme-inspired cryptocurrencies. To address potential volatility, the exchange has set specific trading limits, such as temporary restrictions on buy orders and minimum sell prices at the start of trading support.
Simultaneously, Binance Futures has introduced the BRETTUSDT perpetual contract with leverage of up to 50 times, enhancing BRETT’s market impact and potentially boosting trading volume and liquidity for the meme coin.
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