BTSE launched Tron’s TRX token on its global network after multiple clients’ requests as we are reading more in the following Tron analysis news.
BTSE is a financial technology exchange that announced the launch of TRX on its network as content sharing platforms continue to grow during the Coronavirus crisis. The integration is a result of the number of exchange users that requested that TRX token be listed on the exchange and the company said in its statements today which is a part of the exchange’s plans to speed up the retail adoption of cryptocurrencies.
TRON’s TRX was founded in 2017 by Justin Sun through a Singapore-based non-profit organization called the Tron Foundation. Sun is also the CEO of BitTorrent that acquired blockchain-based social network site Steem. After the acquisition, Sun is planning to launch Web 3.0 or a “third-web” which the statement clearly explains. Via the third-web, information and content will be passed on to an open decentralized network without the need for content applications.
Commenting on the integration, Jonathan Leong, the CEO of BTSE said:
“TRX has been one of the most requested tokens to be listed on the BTSE Exchange. We are happy to now provide our users with access to one of the largest cryptocurrencies by market capitalization and support the further growth of the TRON network in its quest to make content sharing more accessible, cheaper and faster.”
As BTSE launched the TRX token, it will be available to trade on the exchange’s order books. The token is the 24th cryptocurrency that will be available on BTSE and will be able to trade in both fiat and crypto pairing. TRON is now the 13th largest cryptocurrency in terms of market cap and there is $1.15 billion worth of TRX in circulation. Justin Sun added:
“It is our pleasure to be one of the most requested tokens listed on the BTSE Exchange. This integration is another step closer to real-world cryptocurrency adoption which is a major goal in the blockchain industry.”
As recently reported, TRON’s arbitration that was initiated after two employees were fired from the Foundation last year, filed a writ of mandamus with the First District Court of Appeal In California. The court then decided that the lawsuit can be settled in arbitration but it seems that the arbitration is now facing challenges.
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