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.