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The European branch of Robinhood, a top U.S. brokerage platform, has launched live transfer options for Pepe Coin ($PEPE). This new feature allows European users to withdraw and deposit $PEPE directly on Robinhood's crypto platform. In addition, a 1% deposit bonus is being offered for a limited time to encourage users to participate in $PEPE transfers.
Pepe Coin, often referred to as $PEPE, was launched last year, inspired by the popularity of the "Pepe the Frog" meme. $PEPE is currently the 24th largest cryptocurrency, with a market capitalization of $3.45 billion and a spot market trading volume of approximately $598.35 million. Robinhood's move to facilitate transfers is a big deal for $PEPE. It will make the coin more accessible and visible to European crypto traders.
Even though it is doing well and has a lot of support, $PEPE is not available on Robinhood's main U.S. site. This means that American retail investors cannot invest in the meme coin through them. In addition, $PEPE is not listed on Coinbase, another major platform for the U.S. market.
$PEPE transfers are LIVE on Robinhood Crypto.
— Robinhood Crypto EU (@RobinhoodCrypto) November 4, 2024
Withdraw + Deposit #$PEPE, and get $PEPE rewards with our 1% deposit bonus for a limited time.
Terms apply. Learn more: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/05Pd8h7kNW
For now, Robinhood's European support makes the platform one of the main drivers of $PEPE's accessibility outside of the United States, where demand for meme coins remains strong.
This live transfer update is great news for $PEPE. It makes the coin more useful and helps it to stand out in the competitive meme coin space.
Now that European users can more easily access $PEPE transactions, the coin is likely to gain more visibility on the crypto market. This could lead to further listings or expanded features in the future.