Several centralized crypto exchanges (CEXs) are now listing the Official Trump token after it launched on Friday, January 17. Recent reports show Crypto.com and Bybit are the latest platforms to announce listings of TRUMP trading pairs.
As shared on Bybit’s website, the exchange announced that perpetual pre-market trading for the TRUMP/USDT pair will commence with a call auction beginning at 9:35 a.m. UTC on January 18, 2025.
Similarly, earlier today, the Singapore-based Crypto.com exchange also notified its users that it will be adding options for users to buy TRUMP tokens with USD, EUR, and about 20 other fiat currencies
Crypto exchanges list Trump as price surge continues
According to market data, more than 10 DEXs and CEXs have listed trading pairs of the Solana-based memecoin on their spot and perpetual markets.
Aside from Bybit and Crypto.com, other trading platforms investors can buy the token from include MEXC, Bybit, Bitget, HTX and CoinW. The decentralized markets for the token include Meteora, Raydium, and Orca.
On its blog post, Bybit clarified that the pre-market trading notice does not guarantee the TRUMP/USDT pair will be available for derivative trading. The exchange reiterated that it will issue a separate statement if there are any changes in regard to derivatives.
At press time, TRUMP is trading between the $18-$22 price range, a 178% uptick in the last 24 hours.
Only 200 million TRUMP tokens are available for trading
Per GetTrumpMemes.com, the website issuing Donald Trump’s digital tokens and NFT cards, Official Trump token has a supply of 1 billion tokens, but only 200 million are available for initial trading and liquidity.
The forum declared that CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively hold 80% of the token supply. Over the next three years, the entities will reportedly release their allocations, and increase the circulating supply to the maximum cap.
The Trump Meme website has explicitly stated that the project is not connected to any political campaigns or offices. But critics are appalled by the timing of the token launch, which took place just three days before Trump assumes his presidential duties.
Since the second half of 2024, Donald Trump has been active in cryptocurrency conversations. Speaking to FOX News in July, Trump said that digital currencies represent freedom. “The crypto economy is here to stay…I think everything is on the table with bitcoin.”
In September 2024, Trump announced the launch of a new cryptocurrency enterprise named World Liberty Financial (WLF), backed by members of his family.
Eric Trump previously shared with Reuters that he played a significant role in the formation of World Liberty Financial. He noted that the venture was a collaborative effort involving his elder brother, Donald Trump Jr., who is widely regarded as an important figure in the presidential transition, and Barron Trump, his younger half-brother.
When he attended a Bitcoin conference in the Middle East in December, Eric Trump said that his father’s administration would place the United States at the forefront of crypto innovation.
“You’re going to have the most pro-crypto president in the history of America,” Eric reckoned, “Think about a president who isn’t going to allow Bitcoin and cryptocurrencies to be overregulated and stifled.”
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