$TRUMP and $MELANIA Perpetual Contracts Now Live on BYDFi

[PRESS RELEASE – Victoria, Seychelles, January 22nd, 2025]

In recent times, the crypto market has developed from a distinct segment monetary house to an integral a part of the worldwide monetary system. Notably, the launch of tokens representing the non-public pictures of U.S. President Donald Trump and his spouse Melania has drawn consideration to politically-themed digital currencies. For these taken with buying and selling such belongings, BYDFi crypto change has emerged as a most popular platform as a result of its asset safety measures, low charges, and robust status.

BYDFi has now launched Perpetual Contract Buying and selling for $TRUMP and $MELANIA tokens, providing spot trading, perpetual contracts, and perpetual copy buying and selling. Merchants have the possibility to make the most of leverage starting from 1x to 50x, offering alternatives to tailor methods primarily based on market dynamics. Moreover, BYDFi presents a $8,100 USDT welcome bonus to assist new customers mitigate preliminary funding dangers and supply extra funding for future trades. The platform helps fiat deposits in over 150 international locations, permitting customers to easily purchase cryptocurrencies through credit score or debit playing cards. For extra particulars, customers can go to the BYDFi website or contact buyer assist.

SEC’s Historic Shift: A New Period of Crypto Regulation and the Rise of Political Memecoins

On January 20, 2025, the resignation of U.S. Securities and Change Fee (SEC) Chairman Gary Gensler was adopted by the announcement of the creation of a cryptocurrency-focused process drive led by Hester Peirce. A steadfast supporter of the crypto neighborhood, Hester Peirce made it clear that what the crypto business wants is evident regulation and clear guidelines, not extreme intervention. Towards this backdrop, this growth helped politically-themed memecoins $TRUMP and $MELANIA achieve extra visibility out there.

$TRUMP, the official Memecoin launched simply forward of Donald Trump’s 2025 inauguration, is constructed on the Solana blockchain. The token not solely symbolizes Trump’s supporters but in addition represents the intersection of politics and cryptocurrency. Inside simply 48 hours, $TRUMP’s market cap briefly exceeded $10 billion. Although it has since been corrected, it stays one of many high three Memes globally, surpassing $Pepe. Presently priced at 42.205, it has seen a staggering 800% improve from its lowest value (inside lower than 4 days). Just lately, U.S. asset administration agency Rex Shares filed for an ETF primarily based on $TRUMP, highlighting the rising curiosity from conventional traders within the crypto market.

In the meantime, Melania Trump additionally launched her personal Memecoin, $MELANIA. This token capitalizes on the affect of the Trump household to draw supporters of the previous president, whereas tapping into the broader pattern of political cryptocurrency. The launch of $MELANIA triggered a stir out there, attracting over $2 billion in investments inside 24 hours and sending its value hovering to over $10. Constructed on the Solana blockchain, $MELANIA additionally contributed to elevated transaction quantity and a focus on the Solana community (present value: $257.45, market cap: $125.3 billion).

The launch of $TRUMP and $MELANIA Memecoins represents not solely a commercialization try by political figures but in addition a snapshot of a broader societal phenomenon. The model impact of Donald Trump and Melania Trump has undoubtedly introduced substantial consideration and capital inflows to those Memecoins. As the recognition of those tokens rises, so does the unfold of fraudulent actions, changing into an rising threat out there. Main as much as and following President Trump’s inauguration, counterfeit Trump and Melania tokens, together with pretend web sites themed round $TRUMP and $MELANIA, flooded the market. Many malicious actors exploited these pretend tokens, stealing $4.8 million from 12,641 wallets inside simply 24 hours.

BYDFi urges customers to acquire mission info by official channels and to at all times use safe and dependable buying and selling platforms to make sure the security of their funds.

BYDFi’s Strict Auditing and Safety Assurance

BYDFi at all times prioritizes the security of its customers’ belongings. For each token listed on the platform, BYDFi conducts rigorous audits to make sure that solely tokens assembly excessive safety requirements are allowed for buying and selling. In contrast to another platforms which have had their funds stolen, BYDFi has by no means had such an incident and has been offering dependable safety for customers’ belongings repeatedly. Particularly, BYDFi has obtained MSB (Money Services Business) licenses in a number of international locations and areas and has joined the Korean CODE VASP Alliance. Moreover, all person belongings are saved in offline multi-signature wallets, with every account holding a reserve of a minimum of 1:1, and common Proof of Reserves (POR) stories are revealed to offer larger transparency for the platform’s belongings.

Michael, the co-founder of BYDFi, said: “Political Memecoins like $TRUMP and $MELANIA symbolize a market phenomenon the place hypothesis and threat revenue. Whereas they’ve attracted vital consideration from traders, guaranteeing fund safety and mitigating market dangers stay essential considerations for each investor. BYDFi boasts a strict threat management system, sturdy safety measures, and superior infrastructure to safeguard person belongings. At BYDFi, customers can commerce cryptocurrency with confidence, having fun with secure, clear, and environment friendly companies.”

About MSB Licenses

MSB (Cash Companies Enterprise) licenses are monetary permits granted by native governments to control monetary markets and shield shopper pursuits. Corporations holding an MSB license can legally conduct a spread of cash companies inside the jurisdiction and profit from authorities insurance policies and assist.

Concerning the CODE VASP Alliance

The CODE VASP Alliance is a coalition of main cryptocurrency exchanges in South Korea, devoted to selling compliance and regulatory adherence inside the digital asset house. It advocates for the adoption of the Journey Rule answer CODE to make sure cryptocurrency transactions are clear and traceable, in keeping with international AML (Anti-Cash Laundering) and CTF (Counter-Terrorist Financing) requirements. The alliance seeks to create a safer and extra dependable atmosphere for cryptocurrency customers.

About BYDFi

Based in 2020, BYDFi is ranked amongst Forbes’ high 10 international crypto exchanges and trusted by over 1,000,000 of customers worldwide. The platform helps over 600 cryptocurrencies for spot buying and selling and presents perpetual contracts with leverage starting from 1x to 200x, assembly numerous person wants. Strategic partnerships with main fee suppliers like Banxa, Transak, and Mercuryo simplify the crypto buying course of, guaranteeing low-cost transactions.