Binance, Upbit, and Bithumb to List Magic Eden Token on December 10

Leading cryptocurrency exchanges Binance, Upbit, and Bithumb have announced the upcoming listing of Magic Eden’s native token, ME, on December 10. Magic Eden, a prominent NFT marketplace built on the Solana blockchain, is set to enhance its reach through these major platforms.
Binance to Launch ME Trading Pairs
On a recent announcement, Binance confirmed the listing of Magic Eden’s ME token. Trading support and withdrawals for ME will commence on December 10 at 15:00 UTC. Binance will offer the following trading pairs for ME:
- ME/BTC
- ME/USDT
- ME/FDUSD
- ME/TRY
Users can begin depositing ME ahead of the launch. However, due to the token's relatively new status and associated risks, Binance will implement a seed tag for ME. This requires users to complete a quiz on Binance Spot and Binance Margin platforms and agree to the exchange’s terms of use every 90 days to maintain trading access to ME.
Upbit and Bithumb to List ME Simultaneously
South Korean exchanges Upbit and Bithumb are also set to list the ME token on December 10, with trading support kicking off at 14:00 UTC.
Upbit’s Trading Pairs and Requirements:
- Trading Pairs: ME/KRW, ME/BTC, ME/USDT
- Deposit and Withdrawal: Enabled on December 10 at 14:00 UTC
- Network: Transactions will occur via the Solana (SOL) network
- Requirements: Deposits must be made through a personal wallet address that has completed ownership verification. Deposits from linked personal wallets may require a return process depending on the asset’s network.
Bithumb’s Trading Details:
- Trading Pairs: ME/KRW
- Base Price: 2,286 KRW (approximately $1.59) per ME token
- Launch Time: To be announced once liquidity is secured
Additionally, Bithumb will list ME alongside Synfutures (F), an Ethereum-based governance token.
About Magic Eden and Its ME Token
Magic Eden launched in September 2021 on the Solana blockchain and quickly became a leading NFT marketplace. At its peak, the platform accounted for 31.7% of daily NFT sales on Solana. However, its market share declined to 3.4% in 2023 amid a broader downturn in Solana-based NFTs.
The ME token is designed for governance, staking, and user rewards within the Magic Eden ecosystem. Users can claim ME tokens through the platform’s wallet, Emmy, by verifying eligibility via the Magic Eden mobile app.
Conclusion
The listing of Magic Eden’s ME token on Binance, Upbit, and Bithumb marks a significant step in the token’s adoption and the broader integration of blockchain-based solutions in the NFT marketplace. As these major exchanges support ME trading, users will benefit from increased liquidity and accessibility, potentially driving further growth for Magic Eden within the competitive NFT space.
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