As an analyst with a decade of experience in the cryptocurrency market, I must say that Coinbase’s latest move to make Pepe (PEPE) available for trading to New York residents is a strategic one. With my extensive knowledge of regulatory compliance and market trends, I can confidently predict that this decision will not only increase the accessibility of PEPE to a broader audience but also potentially boost its price performance in the coming days.
Coinbase reveals that trading of Pepe (PEPE) is now accessible to New Yorkers. From this moment forward, residents of New York can purchase, sell, transfer, and store PEPE conveniently through the Coinbase platform, which includes both its website and mobile applications.
The confirmation was made that they’ve been granted permission by the New York State Department of Financial Services to operate Virtual Currency Business Activity. This authorization broadens the availability of PEPE for New York residents, as they now have less limitations when it comes to trading specific cryptocurrencies.
Approximately two weeks following Coinbase’s initial listing of PEPE on November 13, 2024, the token experienced a nearly 30% jump in value. Upon its debut, the price peaked at $0.0000181. Alongside Dogecoin and Shiba Inu, it was added to Coinbase’s platform as a popular memecoin.
Currently, I find myself observing that Pepe is being traded at approximately $0.00001943, representing a 7% increase over the past 24 hours. Furthermore, there has been a substantial 6% jump in its market capitalization, now standing at around 8 billion dollars.
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2024-11-27 21:24