The founder of Tron, Justin Sun, announced that the Tron acquired uTorrent Web has surpassed 1 million active users. The announcement was made on October 4 by Sun and BitTorrent on Twitter.
The product was officially launched barely a month ago and has reached one million daily active users. It offers a torrenting and streaming experience to users.
The history of BitTorrent
BitTorrent was acquired in June this year by Justin Sun. within the past year, there have been speculations about the acquisition by Tron. Also, Sun sued BitTorrent in the past over a violation of the ‘no-shop clause.’ He even pleaded with the court to grant him a restraining order against BitTorrent.
This no shop clause is an agreement/ letter of intent between prospective buyers and owners that requires the owner to suspend any discussion or solicitation with other potential buyers within a certain period.
More adoption for Tron
Three months ago, Tron’s founder achieved more adoption for the digital currency after Pornhub announced that it would be listing TRX as a payment option for its premium services on the site.
So many crypto enthusiasts and users of the platform have commented on the achievements of Tron. However, they also wonder when Tron’s price will receive some attention.
TRON (TRX) Price Today – TRX / USD
Bitfinex adds 3 new fiat pairs for Tron
Bitfinex announced recently that the exchange has added a few fiat trading pairs for the digital currency. The pairs, namely TRX/GBP, TRX/EUR, TRX/JPY will be traded on the exchange. It will provide extra liquidity to the coin, which the newer investors bring.
These new trading pairs on Bitfinex will help promote improved accessibilities as well as convenience for traders. This will unlock greater liquidity levels for Bitfinex as well as the crypto market.
The introduction of these fiat trading pairs also mean that the dependency on BTC can reduce. Buying cost of altcoins will be reduced as well.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.