Binance, the world’s largest crypto trading platform has announced it plans to launch USDⓈ-M SUI perpetual contract as a way to further support the digital currency whose mainnet launched earlier today. According to the Binance announcement, the launch was slated for May 3 at 16:00 UTC.
With the underlying asset for the perpetual contract being SUI, the trading platform said the settlement will be made using the Tether (USDT) stablecoin. While the trading platform noted that the new product will support a multi asset mode, it also confirmed that the perpetual contracts will be accessible for trading 24/7.
One of the most important feature that the Binance USDⓈ-M SUI perpetual contract is launching with is that it comes with a 50x leverage with a tick size of 0.0001.
(By Godfrey Benjamin)
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