2022-3-31 20:00 |
Binance US, the subsidiary of the largest cryptocurrency exchange globally, Binance, has listed Tron (TRX/USD). The listing will be done together with another 18 digital assets.
The listing of TRON on Binance US was announced by the founder of the network, Justin Sun. The official Twitter account of Binance US also confirmed the news.
We’re excited to announce that https://t.co/AZwoBOgsqS is listing Tron $TRX @trondao
Deposits are open now!
Get started: https://t.co/POC7DHSaFf pic.twitter.com/u6zCqwuKzY
Justin Sun has been committed to the growth of the Tron network. Last year, Sun announced that he had plans for TRX to be listed on top exchanges such as Binance US and Coinbase.
Sun has fulfilled the promise he made to the community. However, this has not always been the case because Sun has in the past promised some things to the Tron community that he did not fulfil. These include a charity lunch with Warren Buffet that never took place.
Sun also posted about his attendance at the Binance Blockchain Week 2022 in Dubai, where he had a chance to interact with some team members of the Binance exchange.
✨Spending some amazing quality time with @binance team and everybody who is participating in the #BinanceBlockchainWeek in Dubai🇦🇪
🙏Would love to meet everybody during my panel tomorrow and talk about #web3, #blockchain and mass #decentralization! Stay tuned! pic.twitter.com/LBbuXIPpUz
Usually, when a token is listed on a major exchange such as Binance, it witnesses a massive price rally. This was witnessed in TRX’s price shortly after the listing was announced. The token gained by double-digit gains to $0.0768. However, it has slightly dipped to $0.0742, but it was still up by around 3.8% at the time of writing.
TRX is the 25th largest cryptocurrency, with a market capitalization of $7.53 billion. The token currently ranks as the 25th largest one by this metric.
The Tron blockchain is one of the largest in the space. Tron allows content creators to directly interact with their consumers. This allows content providers to earn more, as they will not be deducted any fees by intermediaries.
The entertainment sector is moving towards the digital sector, which places Tron in a position where it can witness notable growth in adoption.
The post Binance US announces listing Tron (TRX) appeared first on Invezz.
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