Huobi, one of the leading cryptocurrency exchanges, announced that it will launch spot trading for the SUI (SUI Network) token on May 3.
Cryptocurrency Exchange Huobi Announces It Will List SUI (SUI Network)
The announcement came as SUI Network was preparing to officially launch its mainnet on the same day at 15:00 CEST.
The SUI Network will officially launch its mainnet at 12:00 (UTC) May 3rd.
Deposit ＆ trading of SUI will open ASAP after official launch of token.
— Huobi (@HuobiGlobal) May 1, 2023
Huobi will support depositing SUI mainnet tokens and list the SUI/USDT trading pair.
Investors will be able to buy and sell SUI tokens on the exchange using USDT, a stablecoin pegged to the US dollar.
SUI Network is a decentralized platform for building and running decentralized applications (DApps).
It aims to make it easy for developers to create DApps by providing a set of tools and infrastructure.
The SUI Network is designed to be fast, scalable and secure with low transaction fees and high throughput.
The launch of the SUI mainnet is an important milestone for the project as it marks the transition from a testnet to a fully functional blockchain network.
With the mainnet operational, developers will be able to start building and deploying their DApps on the SUI Network.
Cryptocurrency exchange Huobi's support for the SUI Network is an important boost for the project as it will provide investors and traders access to the SUI token and provide liquidity for the token on a major exchange.
Investors wishing to buy or sell SUI tokens will be able to do so on Huobi from May 3, when spot trading will be launched for the SUI/USDT pair.
It is not investment advice.