• Binance adds SUI token to its roster of tradable assets, with BNB being part of the listing process.
• Binance staking activity remained steady, while BNB volume showed heightened activity.

Binance just unveiled its intention to include the Sui token [SUI] in its roster of tradable assets. The decision followed closely on the heels of the Sui team’s disclosure of their token distribution strategy. It’s worth noting that Binance’s own BNB token will be part of the listing process.

Read Binance’s [BNB] Price Prediction 2023-24

BNB to be staked for SUI farming

On 30 April, Binance made an exciting announcement about including the Sui token [SUI] in its Binance Launch pool. This means that Binance users now have the opportunity to farm SUI tokens by staking both BNB and TUSD.

The staking process began on 1 May and was set to run for two days. Once the liquidity threshold is reached, Binance will list SUI on its platform and open trading with various popular trading pairs, including SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB.

Error or calculated move?

On 1 May, the crypto community was abuzz with news from
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Author: Suzuki Shillsalot

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