The inventory of 28 unlisted altcoins, into which the cryptocurrency colossus Binance has channeled capital through its investment division Binance Labs, but has yet to list on its trading platform, has now been disclosed.
Binance Labs, the venture arm of the preeminent global cryptocurrency exchange Binance, has been avidly funding a plethora of altcoin initiatives of late.
Nonetheless, a significant number of these altcoins have not yet made their debut on Binance’s trading arena. While an investment from Binance does not irrefutably herald a subsequent listing, historical data suggests that the likelihood of such altcoins being listed is substantially higher.
28 Unlisted Altcoins
Thus, which altcoins have piqued Binance’s financial interest without yet securing a spot on its exchange? Below is the enumeration:
- GPT
- PBUX
- HIP
- ZK
- CHAMP
- PEEL
- LFT
- SQR
- OLE
- APX
- PSTAKE
- OOE
- FOG
- GMEE
- MAVIA
- NCG
- FAQ
- BBS
- D.F.D.
- BUNNY
- PUSH
- CQT
- MATH
- RWA
- HOPR
- NYM
- CERE
- MOB
Among these, MAVIA, CQT, and NYM stand out conspicuously. Their prominence stems from their market capitalization exceeding the $100 million threshold. Unsurprisingly, Binance shows a predisposition towards listing high-market-cap tokens.
In recent times, Binance has actively introduced new listings via its Launchpools. The latest instance being Notcoin (NOT). However, the returns from NOT were underwhelming, yielding a mere $1.5 for approximately every $1000 staked.