Binance expands trading offerings for POPCAT & MEW; Memecoins to rally?
Crypto exchange Binance today made an important announcement on 2 meme coins, POPCAT and MEW. The announcement stated that Binance Futures copy trading will add the following USDⓈ-M durable contracts at 09:00 (UTC) today: POPCATUSDT, MEWUSDT. According to the announcement, users can now trade POPCATUSDT and MEWUSDT on the replica trading platform.
Memecoins to rally?
Market watchers are now speculating whether Binance's newly updated offering could see Solana meme coins rally in the future.
Trading Copy allows users to copy the portfolios of experienced traders in real time. After determining the investment amount, the system automatically reverses trades from the portfolios of major traders selected by users, the exchange said.
As more and more buyers rush to cash in on the gains, increased buying pressure could create a surge in meme coins. In short, as the largest crypto exchange looks to expand the supply of the said cryptocurrencies, market observers remain optimistic and optimistic about future price movements.
According to Binance's announcement, the price of POPCAT rose almost 4%, reaching $1.30. At the same time, MEW's price has gained about 2% today. Notably, cryptos' rising price movement coincides with the improved trading offerings of major crypto exchanges.
In addition, the exchange recently listed Solana-based PONKE, which saw a similar improvement in the coin's price. However, PONKE traded down nearly 4% today fueling mixed opinions about Solana meme coin prices.
On the other hand, CoinGape Media reported that the price of GOAT recently extended its weekly gains by almost 200% following the announcement of the exchange's futures details. Overall, market watchers are uncertain about POPCAT and cat in dogs global prices given recent listings.
Binance's emphasis on regulation in the Crypto industry
Binance blog published a new article, exploring the impact of regulation on the cryptocurrency industry. The article elaborates on the dual nature of control, demonstrating its potential to foster growth and trust, creating challenges for innovation.
He underlined that as the crypto world continues to evolve, the role of guidelines is increasingly being created as a defensive measure or an obstacle to dialogue.
