One of the prominent cryptocurrency exchanges in the United States, Coinbase, has made an exciting announcement. They have obtained approval to list the SUI token on their trading platform, paving the way for users to soon engage in live trading with the token.
This significant announcement aligns perfectly with the firm’s core principle of introducing reputable crypto assets to their retail customers and driving the adoption of Web3 technology.
The largest digital asset exchange in the US has unveiled the highly anticipated initiation date for SUI trading. If the exchange’s conditions are met, and sufficient liquidity is ensured, trading will commence on or after 9 AM PT on May 18, 2023.
Coinbase is going to list SUI along with USD pair (SUI-USD). However, the listing is contingent upon establishing an adequate supply of this asset. Additionally, Coinbase expressed its commitment to supporting Sui (SUI) on the SUI network, adding to the growing range of services they provide.
Also Read: How To Buy SUI Tokens: A Beginner’s Guide
In response to the announcement, the price of the SUI token experienced a significant surge of approximately 4.7% within the last 24 hours. As of now, the token is trading at the $1.18 mark. Notably, the trading volume skyrocketed to $290 million overnight, indicating a strong and optimistic buying pressure surrounding the token, as reported by Coinmarketcap.
In a recent development, the largest crypto exchange, Binance, has integrated the SUI token into its platform, marking a significant milestone. Furthermore, Binance has introduced SUI farming for the portal.
