Binance and Bybit have defied the SUI team's request and launched their 50x perpetual contracts on May 3, 2023. This move has been followed by other exchanges who launched futures on the same day. Second-tier exchanges, such as Gate and MEXC, were even quicker to respond, already offering access to a selection of perpetual contracts.

The SUIUSDT Perpetual Contract is a great opportunity for investors and traders looking for a way to invest in the SUI token. This contract will be based on the USDT settlement asset and allow for a maximum leverage of 50x. Binance claims that they can adjust the specifications of this contract anytime, including possible changes to the tick size, leverage, initial and maintenance margin requirements.

It is important to note that investors should do their own research before investing in any contract. Binance and other exchanges offer numerous products with varying levels of risk and potential returns. To ensure that the trader is able to make an informed decision, they should consult financial advisors, consider their own investment goals and risk appetite, and understand the risks of the product before committing any capital. Additionally, investors should monitor the position closely, as the volatile nature of cryptocurrency means that actions taken now have the potential to have major effects on the price of a cryptocurrency later on.



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