SUI Token News: Sui Network, a Layer 1 blockchain’s native token SUI just gained the support of more crypto exchanges as it moves towards stability. The SUI Mainnet went live on Wednesday after much anticipation. However, the SUI price registered a huge drop just after the launch.
Lending more support to the SUI token, WOO X. a crypto trading platform announced a new Futures listing for the token, SUI – PERP, with ZERO fees. Adding to the tally, Crypto.com, a crypto exchange also announced a perpetual contract listing for the token on its derivatives exchange.
However, these listing comes in when SUI official team reportedly requested several big crypto exchanges involving Binance, OKX, KuCoin and more not to issue perpetual contract listings. Colin Wu reported that certain exchanges somehow agreed to accept this request and delayed the launch of future contracts.
Meanwhile, just after a few hours of spot listing, Binance, Bybit, and other exchanges went on to announce their launch of SUI perpetual contracts. Binance announced that it will launch USDⓈ-M SUI perpetual contract with up to 50X leverage.
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