Bitcoin exchange Binance has announced a new initiative designed to support a range of altcoins. Slated for a June 17 debut, the program will encompass 18 different altcoins, including notable names such as FIL, TON, and STO. This move could significantly influence the altcoin market, as Binance's backing often results in increased interest and investment.

The selected altcoins are anticipated to benefit from Binance's vast network and resources, potentially leading to price movements and heightened visibility in the crypto space. This development represents Binance's ongoing commitment to altcoin development and innovation within the crypto industry.