Tron (TRX) Picks Up Trading Steam With New Listing on BitBay, Breakthrough Pairs on Bittrex and Binance
Tron (TRX) is touting a trio of new listings – two new trading pairs and a new release on one of Europe’s largest exchanges.
The leading cryptocurrency exchange Binance just paired TRX directly with Binance Coin (BNB). This allows traders who prefer using BNB as a base currency to trade with TRX instead of having to cash out to USDT, BTC or ETH first.
— Binance (@binance) September 19, 2018
The new trading pair continues developments between Binance and Tron, as the cryptocurrency exchange recently concluded a trading competition which gave out one million TRX.
Also this week, crypto exchange Bittrex announced that TRX is now available to trade with the US dollar. This is the first time TRX has been paired with the USD in the US, and makes it one of only 10 digital currencies available for direct USD exchange on Bittrex.
The other coins with USD trading pairs on Bittrex include Bitcoin, Litecoin, Ethereum, Ethereum Classic, Cardano, XRP, Tether, TrueUSD and Zcash.
In addition, Tron founder Justin Sun has also tweeted out that TRON will be listed on BitBay, a cryptocurrency exchange that currently has over 800,000 users. Founded in Poland in 2014, BitBay, which recently moved to Malta, has become Europe’s third largest exchange.
Through BitBay, TRX can now be traded with euro, the Polish złoty, Bitcoin and the US dollar.
According to Sun,
“The listing of TRX on BitBay is another milestone for us, representing another significant step of Tron into the European market. We believe that the cooperation between the two parties will provide users with more purchasing channels that are safer and more convenient.”
Patryck Kadlec, BitBay’s vice president of business development, calls Tron an ambitious project. The exchange is launching a TRX competition with the top 100 traders by TRX/BTC volume slated to receive prizes totaling over 400,000 TRX. The competition will run from September 20 – October 4.
In May, Tron launched its own blockchain, becoming a full-fledged cryptocurrency that is no longer based on Ethereum.
TRX has a market cap of $1.926 billion, making it the 13th largest cryptocurrency, according to CoinMarketCap.
You can read more about the BitBay TRX competition here.
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