Binance, one of the world’s leading crypto exchanges, has announced that it will list SUI. This means that trading of the cryptocurrency SUI will begin on May 3, 2023 at 12:15 UTC.
The announced trading pairs are SUI/BTC, SUI/USDT, SUI/TUSD, SUI/BNB, SUI/EUR and SUI/TRY.
A quick reminder about the SUI crypto
Sui is a new blockchain advocating horizontal scalability and transaction parallelization. In other words, Sui is a next-generation proof-of-stake (PoS) blockchain developed since 2021 by Mysten Labs.
This cryptocurrency employs a different approach to its blockchain architecture. Many of the innovations developed by Diem’s teams can be found in Sui’s technology stack. The use of the Move programming language or the horizontal scalability by parallelization are proof of this technological heritage, also found at Aptos (APT).
Moreover, the SUI team wants its blockchain network to become the leading gaming and NFT platform for the crypto industry, thanks in particular to its Move programming language that would be much more intuitive than the competition to write smart contracts.
SUI is the platform’s native token, SUI’s maximum offering is 10 billion tokens.
Listing on Binance!
Binance is one of the largest and most reputable crypto exchanges in the world. A listing of the SUI token that enjoys many trading pairs at its launch.
In its announcement, Binance states that there will be no trading fees on the SUI/TUSD trading pair until further notice. Users can already start depositing SUI tokens into their Binance account for trading, the crypto exchange says.
The launch of the SUI token was highly anticipated, so expect a lot of volatility around the SUI price which will also be listed on KuCoin and many other crypto exchanges around the world.