- Binance Announces Listing News for the Altcoin That Soared with Grayscale! -
The world's largest cryptocurrency exchange, Binance, will be listing an altcoin in futures.
Binance announced today on its official blog that it will launch USD Coin (USDC) margined futures for Sui (SUI) with a maximum leverage of up to 20x.
According to the statement made by Binance, the SUIUSDC contract will be available for trading on September 18 at 13:00 GMT.
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 limits 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.
