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Crypto exchange Binance has announced that it will list Degen (DEGEN), the meme coin developed on Coinbase layer-2 network Base, today. Following the disclosure, DEGEN’s price soared by 50%, currently trading at $0.29.
When launched, the DEGEN Binance listing will be the first Base meme coin on Binance. Here is what could happen to the cryptocurrency in the short term.
Binance to List Degen on Its Futures Market
According to Binance, DEGEN will become available for trading at 11.30 UTC today. The exchange also noted that its users will be able to trade the token with up to 75x leverage. Interestingly, the Degen Binance listing is one of the series of meme coins that it has listed recently. 
As DEGEN’s price soared, so did its trading volume. According to Santiment, the meme coin’s value climbed by 131% within minutes.