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Cryptocurrency News Articles

Binance Will List Sophon (SOPH), an Entertainment-Focused ZK Rollup, on Its Alpha Platform

May 24, 2025 at 06:01 am

The world's largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform.

Binance Will List Sophon (SOPH), an Entertainment-Focused ZK Rollup, on Its Alpha Platform

Binance is adding support for entertainment altcoin Sophon (SOPH) on its early-access platform, Alpha, and will also be launching a futures market for the token, the exchange announced on Thursday.

"Binance is excited to announce that Sophon (SOPH) will be available for trading on Binance Alpha at 2025-05-28 13:00 (UTC). On the same day, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x leverage at 2025-05-28 13:30 (UTC), " the exchange wrote in an announcement.

Its Alpha platform, which is a feature of the Binance Wallet that launched in December, lets users discover emerging web3 projects in a limited-capacity testing phase before they become more widely accessible.

Sophon is an interoperable layer-2 scaling solution that is being built for the metaverse, gaming and entertainment industry. It is focused on creating new use cases for blockchain technology in preparation for the mass adoption of crypto.

"Sophon is a cutting-edge ZK chain, powered by the ZKsync Elastic Chain vision, designed to be the hub of consumer crypto with engaging, accessible, and widely-used applications that extend beyond the existing crypto-native audience," Binance said.

As a Validium-based Layer 2 solution, Sophon leverages advanced blockchain technology to provide superior advantages in terms of throughput, transaction fees, and interoperability with other ZK chains, while fully inheriting the security of the Ethereum mainnet."

Sophon's native token, SOPH, is used to pay gas fees and reward validators. It is due to launch sometime next week.

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Other articles published on May 24, 2025