CoinEx lists BILLY coin and expands its meme coin portfolio
CoinEx lists BILLY coin and expands its meme coin portfolio
This inclusion aims to expand trading options and engage users with a unique, entertainment-focused cryptocurrency.
In a move to diversify its cryptocurrency offerings, CoinEx has announced the listing of BILLY (BILLION•DOLLAR•CAT), a new meme coin. This decision reflects the exchange’s strategy to cater to the growing interest in entertainment-based cryptocurrencies, which have gained popularity despite their lack of intrinsic value.
Beginning June 17, 2024, users can deposit, withdraw, and trade BILLY against USDT on CoinEx. The trading schedule includes a call auction phase from 9:30 to 10:00 UTC, allowing users to place and cancel orders initially, followed by a non-cancellation period just before trading starts.
BILLY, described as having no intrinsic value or expectation of financial return, is primarily for entertainment purposes. Despite this, the listing is expected to attract a segment of the market interested in the speculative and often community-driven nature of meme coins. The addition of Automated Market Making (AMM) support for the BILLY/USDT pair will enable users to contribute liquidity and earn a share of the trading fees, calculated daily.
This listing is part of CoinEx’s broader initiative to offer a wide range of cryptocurrencies to its users, from established coins to more niche tokens.
CoinEx’s decision to list BILLY underscores the platform's adaptive strategy in a competitive industry, offering users opportunities to engage with a variety of digital assets, beside major tokens such as Bitcoin (BTC) or Ethereum (ETH).
For more details, please refer to the official announcement.
See also: New challenge from Bitget – Trade NOT, XRP, PEPE, IO futures and share $30,000 pool
