Binance.US Revamps Listing Procedure; Eyes Trading Support for Aptos Competitor
Binance US Enhances Crypto Listing Process, Promises Advance Alerts for New Token Trading Support
Binance.US is enhancing its crypto listing procedure, aiming for greater transparency in its process.
The exchange is piloting this new approach with the native token of the recently introduced layer-1 blockchain, Sui Network (SUI). Launched in early May, Sui Network competes with Aptos (APT) and employs the Move coding language, initially crafted for Meta's digital asset venture. With its delegated proof-of-stake (DPoS) consensus mechanism, Sui Network promises reduced latency and increased throughput.
Mysten Labs, the brains behind Sui Network, secured a funding of $300 million last year, valuing the project at $2 billion.
While Binance.US is still reviewing the potential listing of SUI, indications suggest it might soon feature on their platform. Currently, SUI, ranked 95th by market cap, is priced at $0.415.
Notably, Binance's main global platform supported SUI on its Launchpool in May. Additionally, leading US crypto exchange, Coinbase, added SUI to its offerings the same month, tagging it under its "Experimental Label" for tokens with higher risk and lower liquidity.
Oct 15, 2023