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

Binance, the world's largest cryptocurrency exchange, will make a new listing for an altcoin in futures.

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

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

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

SUI had experienced a price increase with Grayscale's SUI Trust issuance. 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.