- Tron to Be Listed For Trading on Poloniex Crypto Exchange
- Tron Chief, Justin Sun Confirmed the Listing
According to recent reports, one of the largest digital currencies, Tron TRX, will be added for trading on Poloniex cryptocurrency exchange from Tuesday, November 12. News of this latest report about Tron comes after Poloniex exchange announced that it has been sold to new owners. The new ownership will reportedly increase Asian involvement in the firm sources familiar with the matter say. Poloniex announced an official statement this way:
“Tron, which is currently the number 11 largest digital currency by market cap, will be added to one of the popular crypto exchanges. The exchange is Poloniex.”
Tron currently has a total market capitalization that sits slightly over the $1.1 billion mark. This figure marks an increase of about 1.5% as of when this report was published. Now, the new set up means from November 12 at 15:00 UTC, Poloniex users will have the option to post limit orders for TRX/BTC, TRX/USDC, and TRX/USDT. According to the report, for the time being, users will only be able to make limit orders. While full trading will be activated “shortly after the listing date. It also adds that in the coming days, Tron deposits and withdrawals will be activated on the exchange as well.
Tron Chief, Justin Sun Confirmed the Listing
The report of Tron’s listing on the Poloniex exchange was confirmed by Justin Sun, the Founder and CEO of Tron. It is essential to point out that the Poloniex team has recently announced that it will be letting go of Circle and become “an independent international firm, Polo Digital Assets, Ltd. Polo Digital Assets will be backed by an Asian investment group. Per the report, the spin-out will be expected to bring a significant amount of resources along with more freedom to deliver the right product features and marketing models needed to stay competitive in the space.”
When you analyze Poloniex’s recent breaking-out from Circle to a new Asian investment backing, the decision to list Tron on their exchange shouldn’t come as a surprise. The most significant news was brought to light when Poloniex announced a new partnership with Samsung. Recall that the Tron blockchain was listed on Samsung’s Blockchain Keystore, which will allow users on the Keystore SDK to set up decentralized apps.
TRON (TRX) Price Today – TRX / USD
Name Price $7,514.84 2.17% $0.015 0.894%
The company also updated its Odyssey protocol recently. The network’s incentive mechanism has reached full decentralization. The rewards data will now be easily accessible by everyone which makes it possible for the voter rewards to be secure.