Binance Alpha to Support Canopy Trading on Sept. 7, Offer Points-Based Airdrop

Binance Alpha will begin supporting Canopy, or CNPY, trading on Sept. 7.

Binance Wallet said in an official X post on Sept. 6 that Binance Alpha will be the first platform to support Canopy. It also announced an airdrop for eligible users, with detailed participation requirements to be released later.

After trading begins, users can apply for the CNPY airdrop on the Alpha Events page using Binance Alpha Points.

Alpha Points are calculated based on factors including a user's eligible asset holdings and purchases of Alpha tokens. They are used to participate in airdrops and token-generation events, and points are deducted once participation is confirmed.

Binance Alpha is a platform that introduces early-stage cryptocurrency projects and supports trading in them. However, support on Alpha does not guarantee a spot-market listing on the Binance exchange.