Sui Network partners with Coinbase as exchange adopts Sui token standard

Sui Network, a high-performance layer-1 blockchain, has announced a partnership with the leading crypto exchange, Coinbase, to adopt the Sui token standard. This collaboration is intended to significantly improve the accessibility of Sui tokens across Coinbase's platform, benefiting both institutional investors and everyday retail users, thereby expanding participation in the Sui ecosystem. This move follows Coinbase's prior decision in December to enable SUI trading for New York residents, a significant step given the state's strict BitLicense requirements. Furthermore, the growing interest in Sui is evidenced by Bitwise filing for a SUI ETF in December, which plans to use Coinbase Custody for asset storage. At the time of reporting, SUI was trading near $1, showing a 14% increase on the day.

(Source：Crypto Briefing)