The Sui (SUI) coin has finally received support from the top cryptocurrency exchange Binance, and trading has begun. The launch time was altered by Binance from the originally anticipated time to 12:00 PM UTC.
Binance lists SUI, OKX, KuCoin to follow
The cryptocurrency is exchangeable for Bitcoin, USDT, TUSD, EUR, BNB, and TRY, among other crypto and fiat currencies.
Until a subsequent announcement is made, traders won’t be charged maker fees on SUI/USDT, according to a blog post on the Binance website about the SUI listing. Additionally, it was stated that the EUR and TRY are solely fiat currencies and do not represent any cryptocurrency.
In addition to Binance, a number of other significant exchanges, including as Bybit, OKX, and KuCoin, are planning to introduce SUI trading pairs.
The official team of the SUI currency has reportedly urged that these exchanges including Binance refrain from launching SUI-based perpetual futures trading, according to Chinese crypto writer Colin Wu.
Nevertheless, CoinMarketCap data reveals that the SUI price is 70% lower now than it was before the trading launch, trading at $1.31.
Analyst slams SUI, recommends selling it
Earlier today, the proprietor of the Twitter account @NorthRockLP addressed the SUI token in a tweet, referring to it as “complete vapour ware,” implying that it is unfounded and has no real purpose or value.
According to the account, a major sell would occur if investors possess more than 5 billion of these tokens.
