In a brief announcement a few hours ago, popular cryptocurrency exchange of Binance announced that it was opening trading for Tron (TRX) paired with its native cryptocurrency of Binance Coin (BNB). The announcement also added a timeline tof the availability of the new trading pair as follows:
Binance will open trading for a TRX/BNB trading pair at 2018/09/19 4:00 AM (UTC).
The founder of Tron, Justin Sun, also announced the same via his official twitter page.
— Justin Sun (@justinsuntron) September 19, 2018
The pairing of TRX/BNB is strategic in the sense that the traders who prefer trading on the platform using BNB as a base, can now have an easier time trading TRX rather than cashing out to USDT, BTC or ETH, then trading TRX.
Binance Continues to be ‘Bullish’ about Tron (TRX)
The new pair of TRX/BNB is not surprising given evidence that Binance has show its support for the Tron project for quite some time now. The exchange has been pivotal to the Tron project through its support in the past few months as can be seen in the list below:
- Binance was first to declare its support for the TRX token swap from the ERC20 token protocol to the new Tron Mainnet
- Binance continues to offer permanent support for the TRX token swap for users who did not do so back in June
- The exchange was quick to launch the TRX/USDT pair
- Binance has recently concluded a 1 Million TRX trading competition
With the above observations, it is safe to assume that the cryptocurrency exchange of Binance will continue to play a pivotal role in the development and trading of TRX.
With the Tron Virtual Machine already launched on the 30th of August, Tron has entered the DApp phase where developers will have a chance to create Decentralized applications on the Mainnet. This will give the Tron platform a chance to prove itself as one of the most efficient, fast, secure and flexible blockchain networks in the crypto-verse.
[Image courtesy of twitter.com/justinsuntron]