As part of a strategic move to strengthen its position and meet the changing demands of crypto market players, Binance has announced the launch of USDC-Sui futures. Meanwhile, this initiative will start on February 8, 2024, equipped with a 50x leverage margin, offering a wider opportunity to users in the SUI crypto market. On the other hand, it has also sparked discussions among crypto market enthusiasts about the potential surge in SUI prices.
This move is emphasized in the Binance website that it aims to enrich the trading landscape on Binance Futures, providing users with greater flexibility and trading options.
Meanwhile, this contract will allow traders to leverage their positions up to 50 times, increasing profitability and diversifying strategies in the SUI market.
The introduction of SUI- USDC futures on Binance Futures has raised expectations in the crypto community about a surge in SUI prices. With enhanced support and increased trading options, investors may perceive SUI as a more attractive asset, leading to increased demand and subsequent price increases.
SUI price rose before falling 1.31% in the last 24 hours and traded at $1.53.
