Japan’s BitPoint Adds $PEPE to Platform, Launches Promotions to Boost Interest

Japanese crypto exchange BitPoint has listed memecoin, $PEPE, on its trading platform.

Notably, the cryptocurrency, which was inspired by the well-known “PEPE the Frog” meme launched in 2023, has quickly gained traction. It now ranks 24th in market capitalization, according to data from CoinMarketCap.

In X post on October 30, the crypto announced that the memecoin is now available locally to Japanese investors for spot trading, lending, and fixed investments for the first time.

To celebrate this first-ever Japanese listing, the crypto exchange has rolled out two promotional campaigns. In the first campaign, users who purchase more than 10,000 yen worth of PEPE will enter a raffle, with 10 lucky winners receiving PEPE coins worth 100,000 yen. This promotion will be active until November 27, 2024. The second campaign will be hosted on BitPoint’s official X account, offering additional PEPE coins as prizes to participants.

By listing PEPE, BitPoint seeks to attract both new and existing Japanese investors amid rising demand for accessible memecoin investments. The move mirrors a similar initiative by Binance.

Recently, Binance Futures added the popular Solana-based memecoin MOODENG to its futures contracts, allowing traders to use Bitcoin and other cryptocurrencies as collateral for MOODENG’s perpetual contracts.

PEPE is currently trading at $0.000009501, reflecting a 0.14% increase over the last 24 hours.

Meanwhile, a group of Japanese companies has proposed that if the government moves forward with cryptocurrency-based ETFs, Bitcoin and Ethereum-based ones should be prioritized. The proposal cited the substantial market value and established track record of the cryptocurrencies and noted that they are sound choices for long-term investment. reflecting a cautious approach to building a stable cryptocurrency investment framework in Japan.

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.