Binance, the largest cryptocurrency exchange in the world, temporarily disrupted the market when it delisted MEMEFI futures yesterday.
However, in retrospect, it seems that this was a way to make room for new listings. Today, Binance announced that it is listing perpetual contracts on two tokens with very low market capitalizations, possibly signaling a new strategy.
To be clear, Binance Alpha had already previously listed YALA and CARV. The development is on the perpetual contracts YALAUSDT and CARVUSDT, which will allow leverage of up to 50x.
Low-cap tokens have been performing well in the market, and Binance is building another way to attract traders' interest.
So, what are these tokens? YALA, which had a market capitalization of $45 million before the Binance listing announcement, is a native Bitcoin liquidity protocol.
It allows users to generate yield on their BTC without selling or wrapping their tokens, and it increased by more than 9% after today's development.
The price of CARV grew approximately the same percentage after the Binance listing announcement, but that is where the similarities end. With a TGE about 8 months prior and a market capitalization before the announcement of $80 million, it is much more established.
CARV is a modular layer of identity and data designed for Web3, AI, and gaming applications. It enables human users and AI agents to manage and monetize data sovereignty across the digital ecosystem.
Ultimately, its mission statement takes a maximalist approach to AI, seeking to foster a 'new form of digital life.'
Among these additions and the delisting of MEMEFI futures, this could mean that the exchange is becoming interested in low-cap assets.
However, lately Binance has been listing a diverse set of tokens, and this is no exception. The performance of these new contracts could inform future strategies, but it is still too early to make a firm statement yet.
