BYDFi Introduces Contract Trading for $TRUMP and $MELANIA, Supporting Leverage Up to 50x
In recent years, the cryptocurrency market has grown from a relatively niche investment area to an important part of the global financial system. Especially since President Trump and his wife Melania have respectively launched cryptocurrencies representing their personal images, these politically related cryptocurrencies have managed to attract the participation of a large number of traditional investors.
For investors, it is essential to choose a compatible and secure platform for trading, and the BYDFi cryptocurrency exchange is an ideal choice for purchasing these emerging political cryptocurrencies due to its compliance and transparent operations.
The platform currently offers $TRUMP and $MELANIA tokens, providing spot trading, perpetual trading, and perpetual copy trading. Users can flexibly choose leverage from 1x to 50x according to market fluctuations to create customized investment strategies. In addition, BYDFi also provides users with an initial interest of 8,100 USDT to help users reduce initial investment risks and provide more financial support for subsequent transactions. The platform supports legal currency recharges in more than 150 countries around the world, and users can easily purchase cryptocurrencies through credit cards, debit cards, and other methods. For more information, please visit the BYDFi official website or consult online customer service.
The SEC’s Historic Shift: A New Era of Cryptocurrencies and the Rise of the Politicized Memecoin
On January 20, 2025, following the resignation of SEC Chairman Gary Gensler, the SEC announced the creation of a cryptocurrency task force led by Hester Peirce. A staunch supporter of the cryptocurrency community, Hester Peirce has made it clear that what the cryptocurrency industry needs is clear oversight and transparent rules rather than excessive intervention. This move is sure to send positive signals to crypto investors. In this context, two politicized memecoins have emerged, namely $TRUMP and $MELANIA.
$TRUMP is the official cryptocurrency launched by President Trump before his re-inauguration on January 20, 2025, and is built on the Solana blockchain. The coin is not only a symbol of Trump supporters but also represents the marriage of politics and cryptocurrencies. Within 48 hours of its launch, the market cap of Trump Coin surpassed $70 billion. Despite its current decline, it still surpasses $Pepe, and these coins have become the top three meme coins in the world by market cap. The current price of the digital currency is $42,561, which is 886.72% higher than its lowest price when it was launched (in less than 4 days). Recently, Rex Shares, a large American asset management company, applied for the $TRUMP exchange-traded fund. With the continuous influx of traditional investors, the potential and yield space of the cryptocurrency market is constantly expanding.
Meanwhile, Melania Trump also launched her own memecoin—$MELANIA. The coin leverages the Trump family’s influence and is designed to appeal to Trump supporters while fitting into the trend of political-themed cryptocurrencies. The launch of $MELANIA quickly created a buzz in the market, with capital inflows of over $2 billion within 24 hours and the price surging to over $10. Its release is also based on the Solana blockchain, boosting the volume of transactions and interest on the Solana network (current price $257.45, market cap $125.3 billion).
The launch of two memecoins, $TRUMP and $MELANIA, is not only an attempt at commercialization for politicians, but also a microcosm of the phenomenon of the times. There is no doubt that the brand influence of Trump and Melania has brought a lot of attention and capital inflow to these memecoins. As the popularity of these tokens has risen, fraud has also spread, becoming an increasingly dangerous hidden danger in the market. Before and after President Trump’s inauguration, fake Trump and Melania tokens, as well as fake official websites with the theme of $TRUMP and $MELANIA, have also appeared in large numbers in the market, and many criminals have used these fake tokens to gain access to the market. Within 24 hours, $4.8 million was stolen from 12,641 wallets within hours.
BYDFi reminds users that investors should obtain project information through official channels and should use safe and secure trading platforms to ensure the safety of funds.
BYDFi's Strict Review and Security
BYDFi always puts the safety of users' assets first. For each currency listed on the Internet, BYDFi has conducted strict reviews to ensure that only currencies that meet the high standards of security requirements can be traded on the platform. Unlike some other platforms, BYDFi has not encountered any money theft incidents so far and has always provided users with reliable asset protection. Specifically, BYDFi has obtained MSB (Money Services Business) licenses in many countries and regions and joined the Korean CODE VASP Alliance. At the same time, all platform users' assets are stored in offline multi-signature wallets, and all assets in the account are kept in reserves of at least 1:1, and reserve certificate reports are issued regularly to bring greater transparency to platform assets.
Michael, co-founder of BYDFi, said:
“Political memecoins such as $TRUMP and $MELANIA represent market phenomena where speculation and risk coexist. Although they have attracted the attention of a large number of investors, how to ensure the safety of funds and avoid market risks is still a key factor that every investor should pay attention to. Investors should pay attention to the fact that BYDFi has a strict risk control system, sound security measures, and advanced infrastructure to ensure the safety of user assets. At BYDFi, users can confidently conduct cryptocurrency transactions and enjoy safe, transparent, and efficient services.”
About MSB License
A financial license established by the local government to regulate the financial market and protect consumer rights. Companies holding an MSB license can legally carry out a series of currency service related businesses in the local country and enjoy corresponding policy support provided by the government.
About CODE VASP Korea Alliance
South Korea's CODE VASP Alliance is a financial license established by the local government to regulate the financial market and protect consumer rights. Companies with MSB licenses can legally carry out a series of currency service-related businesses within the local country and enjoy corresponding policy support provided by the government.
About BYDFi
Founded in 2020, BYDFi is recognized by Forbes as one of the top 10 global cryptocurrency trading platforms and trusted by over 1,000,000 users worldwide. BYDFi is dedicated to providing a world-class cryptocurrency trading experience for users.
Contact information with BYDFi:
- Official website: https://www.bydfi.com
-Customer Support: CS@bydfi.com
-Business inquiries: BD@bydfi.com
- Media contact: media@bydfi.com