Binance has added two new tokens to its main spot market: Maple Finance (SYRUP) and Kamino Finance (KMNO). Previously, both assets were only available in the Binance Alpha section, which features preliminary token offerings. Both tokens reacted to the news with price increases.
Trading for the pairs SYRUP/USDT, SYRUP/USDC, KMNO/USDT, and KMNO/USDC began on May 6 at 15:00 UTC.
Asset Transfers and Alpha Support Termination
According to the official announcement, users were able to deposit SYRUP and KMNO tokens in advance, with withdrawals opening on May 7. Binance stated that the listing fee was 0 BNB. Following the start of spot trading, the tokens were removed from the Alpha section, and their volumes ceased to be counted for Alpha Points accrual.
All users who participated in the Binance Alpha program can manually transfer SYRUP and KMNO from their Alpha accounts to their spot accounts, or wait for the automatic transfer, which will occur the next business day at 06:00 UTC.
Maple Finance is a blockchain-based institutional lending platform, while Kamino Finance is a major DeFi protocol within the Solana ecosystem, offering yield and liquidity management solutions.
According to CoinMarketCap, following the announcement, SYRUP surged by 42% and is trading at $0.242. KMNO initially rose by 3% but later returned to its previous levels. Over the past 24 hours, the asset fell by 2.56%, to $0.078.