Coinbase Introduces SUI Trading on May 18

The largest cryptocurrency exchange in the United States, Coinbase, has recently added support for SUI to its trading platform. This announcement directly results from the company’s primary objective: to provide retail clients with trustworthy crypto assets and increase Web3 usage.

Coinbase will add support for SUI with the Experimental label. Learn more about the Experimental label here: https://t.co/MBMBbYyZ7S

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) May 17, 2023

According to the announcement, the SUI token will be classified as “Experimental,” a designation given to cryptocurrencies that are either new to the crypto market or have a low trading volume compared to more established cryptocurrencies.

Coinbase has recently been aggressive in its listing expansion efforts. PrBeforehis, the cryptocurrency exchange added Osmosis (OSMO) to its roadmap. Osmosis is a decentralized exchange (DEX) created for the Cosmos ecosystem requesting listing approval.

This comes only weeks after Binance, the largest cryptocurrency trading platform in the world by market capitalization, announced the adoption of the SUI token and the subsequent launch of token cultivation on its platform.

However, memecoin’s prominence has been increasing recently, and PEPE is still awaiting a signal from the exchange. Meanwhile, Binance has added full trading support for PEPE and FLOKI.

According to related news, Coinbase’s relationship with the Securities and Exchange Commission (SEC) in the United States is deteriorating irreparably.

As a result of the asset agency’s dramatic escalation of its crypto regulation by enforcement approach over the past year and a half, the opposing parties are now engaged in a court battle over establishing regulatory clarity for the digital sector regarding what operational compliance entails.

This week, the US agency issued a court order attempting to reject Coinbase’s request for a response to its rules petition while acknowledging that it would continue to substitute enforcement actions for rulemaking for the foreseeable future.