Coinbase will support the Sui token standard across its platform, expanding institutional and retail access to the L1 network.
Sui Network, a high-performance layer-1 blockchain platform, and Coinbase, a leading crypto exchange, announced a partnership today to expand institutional and retail access via the Sui token standard.
The collaboration aims to improve accessibility of Sui tokens across Coinbase’s platform, targeting broader adoption among both individual investors and institutions.
The partnership builds on Coinbase’s December move to enable SUI trading for New York residents, a key milestone under the state’s stringent BitLicense regime. Sui became more accessible to a regulated retail base, widening its reach in one of the toughest crypto jurisdictions.
Bitwise also filed in December for a SUI ETF that would use Coinbase Custody for asset storage, adding to the competition for Sui-focused investment products.
SUI traded near $1 at press time, up 14% on the day after recovering from yesterday’s lows of $0.78 during Bitcoin’s drop below $60K.
