Binance, the largest crypto exchange in the world by volume, is launching a new wallet feature aimed at shining a spotlight on nascent crypto projects.

According to a new Binance announcement, Binance Alpha is “a new platform within the Binance Wallet that shines a spotlight on early-stage crypto projects with the potential to grow within the Web3 ecosystem.”

The press release says the platform is committed to enhancing transparency in Binance’s token listing process by prioritizing projects that showcase strong community engagement, substantial traction, and alignment with key crypto trends.

Binance Alpha is part of Binance’s broader effort to promote innovation and expand the Web3 ecosystem by connecting users with promising blockchain projects at an early stage, per the announcement.

Binance says the new system includes the following features:

“Spotlight on Innovation: Explore tokens gaining traction in Web3, providing a deeper understanding of projects that matter in the evolving crypto landscape.

Quick Access: Seamlessly purchase tokens through the Quick Buy feature directly from the Binance Wallet. It optimizes the existing Swap functionality, resulting in a higher successful transaction rate and better prices compared to other DEXs or trading bots…

Educational Insight: Learn about emerging projects, their use cases, and the narratives driving their popularity within the blockchain ecosystem.

Expert Curation: Featured tokens are selected using Binance’s advanced insights and observation list, ensuring they align with market trends and community interests. While there is no guarantee, some tokens may be considered for listings on Binance Exchange in the future.”

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Binance News: Moca Network secured a Binance listing, gaining notable traction from the market participants, as evidenced by its robust rally. During writing, MOCA price was up nearly 160% after noting a jump of around 370% in the early hours today. Besides, other top exchanges have also revealed plans to list the token amid soaring buzz surrounding the project.

Binance News: Moca Network Listing Sparks Optimism

In recent Binance news, the exchange has announced listing the Moca Network on its Futures platform, sparking market optimism. According to the announcement, the top crypto exchange announced the launch of MOCAUSDT perpetual contracts with up to 75x leverage, effective December 16, 2024, at 11:30 UTC.

Meanwhile, the token’s listing on Binance and interest from other top crypto exchanges have amplified the buzz around the project. With capped funding rates of +2%/-2%, MOCA’s inclusion expands trading options, bolstering investor confidence and sparking optimism for sustained gains.

Usually, the listing or any positive announcements from the leading crypto exchanges often boost market sentiment. Having said that, this recent announcement is also expected to spark further rally in MOCA price ahead.

MOCA Price Soars 160%

The Binance listing announcement appears to have boosted the market sentiment further. During writing, MOCA price was up about 158% and exchanged hands at $0.22, while its trading volume skyrocketed 7558% to $1.34 billion, suggesting strong trading activity of the asset. Furthermore, CoinGlass data showed that MOCA Futures Open Interest soared 1297% to $35.64 million, indicating strong market confidence which could lead to further gains ahead.

Besides, the top South Korean exchanges like Upbit, Bithumb, and others, have also listed the token sparking optimism. This series of listing announcements also indicates the growing confidence of the platform towards the asset. Notably, MOCA Network has rallied about 370% following the developments in the early trading hours.

On the other hand, other market experts have also remained bullish on the project. Animoca Brands co-founder Yat Siu has also lauded the project’s recent listings. For context, Siu said, “Thank you Upbit, and welcoming Korea to the Moca Network bringing mass adoption to web3.”

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.