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SUI Holders Rejoice As Coinbase Announces Listing Approval

Crypto News: Coinbase, the largest cryptocurrency exchange in the US, recently announced its support for Sui (SUI) in its trading platform. This announcement comes as a direct result of the firm’s principal notion, which is to bring credible crypto assets to its retail customers and to further bolster the use of Web3.

Coinbase To List SUI Token

The California-based cryptocurrency exchange confirmed on Wednesday that, if sufficient liquidity requirements were met, the platform would announce the launch of trading on the SUI-USD pair in phases. The trading is expected to commence after 9 AM PT on 18 May 2023.

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This comes just weeks after the Binance exchange — the world’s largest crypto trading platform by market share — announced the addition of SUI token and the subsequent launch of SUI farming on its portal.

SUI Gets Listed Under Experimental Tab

According to the announcement, the SUI token would be included under the “Experimental” category, which is reserved for cryptocurrencies that are either new to the crypto market or have a low trading volume in comparison to other well-known cryptocurrencies.

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Although the announcement was met with much enthusiasm from the SUI community, PEPE holders remain frustrated about being missed out. Coinbase has lately been proactive in adding newer tokens to its listing roadmap. Earlier, the crypto exchange added Osmosis (OSMO) — a decentralized exchange (DEX) built for the Cosmos ecosystem — to its roadmap and is currently awaiting listing approval.

In the wake of this crypto news, the price of SUI jumped over 0.80% in the past 1 hour in comparison to a 0.48% drop recorded in the last twenty-four hours. SUI is currently exchanging hands at $1.21 at the time of writing.