Binance Announces Listing News for the Altcoin That Took Off with Grayscale!

Binance, the world’s largest cryptocurrency exchange, will be listing a new altcoin futures option.

Binance announced today on its official blog that it will be launching USD Coin ($USDC ) margined futures for Sui ($SUI ) with up to 20x leverage.

According to the statement made by #Binance , the #SUIUSDC contract will be available for trading on September 18 at 13:00 CET.

Binance stated that funding rates will initially change every 8 hours between a maximum of -0.75% and +0.75%, but funding rates, maximum leverage, and minimum transaction limit may change from time to time depending on market conditions.

SUI experienced a price increase with Grayscale’s SUI Trust launch. While the announcement from #Binance did not have a significant impact on the price, the price is finding buyers at $1,017 at the time of writing.