Ronin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-announces-sui-futures-amidst-ronin-debacle-recovery/" data-wpel-link="internal">Binance Announces SUI Futures Amidst Ronin Debacle Recovery</a><br></p>
<p style="text-align: justify">After the RONIN debacle at <a href="https://en.coin-turk.com/binance-lawsuit-secs-claims-and-the-future-of-the-crypto-exchange/" data-wpel-link="internal">Binance</a>, the subsequent statements appear to have had a calming effect. Just moments ago, an announcement was made that SUI, already trading on the exchange, will be added to SUI futures trading, which seems to have triggered a rise in altcoin prices.</p> 
<h2 style="text-align: justify" id="ronin-debacle-and-sui-listing">Ronin Debacle and SUI Listing</h2> 
<p style="text-align: justify">Yesterday, Binance, which was in the <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> for internal information leaks, saw its co-founder make significant statements, assuring that such employees could not remain within the company. He even announced a reward system to prevent such incidents.</p> 
<p style="text-align: justify">Following this process, a piece of news emerged that might indicate the establishment of a trust environment. Binance recently announced that SUI, a name we’ve been hearing frequently, will be opened for futures trading with up to 50x leverage. The announcement was as follows:</p> 
<blockquote> 
 <p>Dear Binance users;</p> 
 <p>To expand the trading options offered at Binance Futures and enhance the trading experience for our users, Binance Futures will launch the USDC-margined SUI Perpetual Contract with up to 50x leverage on 2024-02-08 at 07:00 (UTC).</p> 
 <p>More details about the USDC-margined SUI Perpetual Contract can be found in the table below:</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-311689" src="https://coin-turk.com/wp-content/uploads/2024/02/sui-coin-turk-com.jpg" alt="" width="1537" height="510"></p> 
<h2 style="text-align: justify" id="what-is-the-price-of-sui-now">What is the Price of SUI Now?</h2> 
<p style="text-align: justify">Following the news that Binance will start offering up to 50x leveraged trades, there was a noticeable uptick in SUI’s price, which at the time of writing, has risen over 4% to settle above $1.58.</p> 
<p style="text-align: justify">Within minutes, the 24-hour trading volume of the altcoin also saw a rise, with its value increasing by 58% to reach $558 million. The market capitalization began to push the $1.9 billion level with an increase of nearly 4%. Despite today’s rise, it is important to remember that SUI has still seen a negative trend of over 2% in the last 7 days.</p> 
<p style="text-align: justify">SUI was trading at $0.1 in May of the previous year. Today’s price of $1.58 could be interpreted as a sign of investors’ strong confidence in the altcoin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-announces-sui-futures-amidst-ronin-debacle-recovery/" data-wpel-link="internal">Binance Announces SUI Futures Amidst Ronin Debacle Recovery</a></h5>

Binance Announces SUI Futures Amidst Ronin Debacle Recovery

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