#binance #hype #zec #near
14/07/25 20:45 UTC-04

Reuters: Crypto exchanges made over $172 million on TRUMP memecoin

According to Reuters, the Official Trump (TRUMP) memecoin has generated hundreds of millions in profits for cryptocurrency exchanges and significant income for its creators.

Experts estimated that the TRUMP memecoin, launched just six months ago, has generated at least $172 million in trading fees for ten major crypto exchanges, including Binance, Coinbase, and OKX.

Seven largest exchanges by TRUMP token trading volume

Reuters reports that when listing TRUMP, some platforms ignored the fact that 80% of the tokens were owned by the Trump family and its partners. Previously, exchanges considered this a major obstacle to listing due to the high token concentration.

The journalists also noted a significant difference in the time required for exchanges to list Official Trump compared to other major memecoins like PEPE and BONK.

“On average, it took 10 exchanges 129 days to list these coins. For TRUMP, the average listing time was just four days,” the Reuters article states.

At the time, exchanges like Bitget, Coinbase, and MEXC explained the rushed listing by the huge demand for the memecoin.

“Based on publicly available information, we were confident users could safely interact with the token,” said Coinbase’s Chief Legal Officer Paul Grewal.

He also mentioned that Coinbase included the memecoin in its “experimental” assets list to highlight “certain risks, including price volatility.” However, later the exchange had to restrict memecoin trading for some U.S. users.

See also: "Binance Wrote Code for Trump Family’s Crypto Project"

#Trump #Price Increase #Token #Memecoin

Editor: Yuliya Soroka
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