Poloniex Exchange will list TRON (TRX), one of the largest altcoins in just two days and the news comes right after the exchange was sold to new owners who are aiming to increase the Asian involvement as we are reading further in the TRX Tron news below.
According to an official statement, TRX is now ranked as the 11th largest cryptocurrency and will be listed on the popular Poloniex crypto exchange. TRX is now with a market cap of over $1.1 billion and marks a slight increase of around 1.5% at the time of writing. As of November 12, the users will be able to start posting limit orders for the TRX/BTC pair and TRX/USDT as well. Reportedly, the limit orders will be available initially and full trading will also be enabled ‘’shortly after this date’’ so the TRX deposits and withdrawals will be allowed as well.
Tron’s listing on Poloniex was also confirmed by the Founder and CEO of the popular cryptocurrency- Justin Sun. The Poloniex exchange team announced that they will also be getting away from Circle into a ‘’new independent international company- Polo Digital Assets LTD. Backed by an Asian investment group, the spin-out will bring significant resources and freedom to deliver the product features and marketing strategies needed to be competitive.’’
When Poloniex gets away from Circle to an Asian investment backing, the TRX listing on the platform might not come as a surprise. The most significant news came when the company announced the partnership with the Samsung tech giant and TRON’s blockchain was added to Samsung’s Blockchain Keystore thus allowing the users to enter the Keystore SDK To create decentralized applications on it.
The company also updated its Odyssey protocol and with it, the network incentive mechanism reached full decentralization as the rewards data will now be accessible by everyone. This way, the voters’ rewards will also be secured. Over a week ago, the TRON Foundation announced that TRX is also going to be listed on MCAfeeDEX which is a decentralized exchange that was recently launched by former antivirus software developers John McAfee as we previously reported in our crypto news on DC Forecasts.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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