Binance, a leading cryptocurrency exchange, has announced the listing of two new altcoins in the spot market, Maple Finance (SYRUP) and Kamino Finance (KMNO). Starting from May 6, 2025, at 18:00 Turkish Standard Time, investors will be able to trade these coins against USDT and USDC pairs. Users can begin depositing the coins to their exchange wallets in preparation for trading. On May 7, 2025, withdrawal transactions will become available.
Details of SYRUP and KMNO Coin Listings
Previously traded on Binance’s Alpha Market, Maple Finance and Kamino Finance coins will no longer be available on this platform but instead on the spot market. Consequently, trading volumes on Alpha will no longer contribute to Alpha Points.
Binance facilitates the transfer of SYRUP and KMNO coins to users’ spot wallets, a process that will also occur automatically. The automated transfer from Alpha accounts to spot wallets completes at 09:00 Turkish Standard Time, one business day after the spot listing.
Users also have the option to manually move their coins from Alpha to the Spot platform. Simultaneously, Spot Algo Orders will become operational, and support for Spot Copy Trading and Trading Bots will activate within 24 hours. Both SYRUP and KMNO coins come with a Seed Tag label, indicating their high-risk and high-reward potential as early-stage projects.
What Are Maple Finance and Kamino Finance?
Maple Finance (SYRUP) is an on-chain financial protocol offering institutional-level loan solutions. Providing an alternative source of capital outside traditional banking, Maple aims to bridge liquidity providers and institutional borrowers, helping to establish a more institutional framework within the DeFi space.
Kamino Finance (KMNO), on the other hand, is a robust lending protocol operating on the Solana $169 network. Known for its liquidity solutions, automated strategies, and user-friendly interface, Kamino stands out as one of the fastest-growing projects in the Solana-based DeFi ecosystem. The project aims to simplify liquidity management by offering investors optimized yield strategies.