Binance Launches SUI Token Perpetual Contracts
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. advertisement 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. Besides Binance being one of the first exchanges to unveil it will be supporting the SUI token launch, it is also effectively now ranking as the trading platform that will be pioneering the listing of SUI’s perpetual contract. In a note to prospective SUI perpetual contract traders, Binance said it will be observing the market’s momentum and may adjust the tick size and other launch parameters if there is a need to do so. ...