Binance lists 3 Altcoins and has invested in 4 new crypto startups

Binance, the leading global crypto exchange, has expanded its trading portfolio by listing future contracts for three altcoins – Popcat (POPCAT), Sun (Sun) and Alpaca Finance (ALPACA). This move will increase trading options on Binance Futures.

It especially affected the market value of these altcoins.

Following the Binance listing, ALPACA Skyrockets more than 70%

Starting today, the ALPACA perpetual contract, which offers up to 75x leverage, began trading at 10:30 UTC. Next, Binance introduced additional futures for POPCAT and SUN, scheduled to trade at 13:00 UTC and 13:05 UTC. These details are critical to Binance's strategy to enhance user trading experiences by offering a variety of high-capacity options.

The perpetual contracts of these altcoins feature a maximum funding rate of ±2.00%. Importantly, Binance may periodically adjust the specifications of these futures contracts based on market risk assessments. Such adjustments may include changes in fees, ticket sizes and margin requirements, ensuring flexibility for changing market conditions.

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The start of trading had an immediate impact on cryptocurrency values. ALPACA experienced a significant uptick, initially climbing over 70% and still up 52%.

In contrast, POPCAT and SUN made more modest gains. After the first operations, partial reconstructions were performed.

“The sun is about to rise. For SUN, Tron founder Justin Sun announced the Binance listing.

Meanwhile, Binance's venture capital arm, Binance Labs, has announced investments in four emerging crypto projects. These projects were selected after a rigorous evaluation in Phase 7 of BNB Chain's Most Valuable Developer (MVB) program. Despite over 700 applications, only a few met the initiative's rigorous criteria.

“In season 7, 13 talented teams were selected for their unique talent and creativity in the Web3 space. Four of them have received investments from Binance Labs, which will greatly increase their potential and impact,” BNB Chain wrote.

The projects that are getting investments – Aggregate, Comment Labs, SideKick and Vooi – have a wide range of blockchain innovations. They include artificial intelligence (AI) data integration, feedback markets, social gaming hubs and cross-chain decentralized exchange aggregators.

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The MVB program, a collaborative effort between BNB Chain, Binance Labs and CoinMarketCap (CMC) Labs, is designed to support high-potential Web3 projects. Participants in this program benefit from a comprehensive curriculum that includes personalized mentoring and insights from successful founders. In addition, they will receive up to $300,000 worth of infrastructure and marketing support.