BTSE, a fintech exchange, recently announced that it had added support for the Tron TRX token to its global network. The move comes amid a growth in content sharing platforms during the COVID19 crisis.
Numerous Requests from Users
After getting numerous requests from the exchange’s users, BTSE decided to add TRX support, according to a statement issued by the company. The move is part of the exchange’s plan to offer even more options to its users.
What the Leadership Had to Say
According to Jonathan Leong, the BTSE CEO, they have received numerous requests from users to add TRX support. He added that they were happy to provide traders with access to one of the biggest crypto coins by market cap. According to him, it will support the growth of the TRON network and its quest to make content sharing cheaper, faster, and more accessible.
While commenting on the issue, Justin Sun, the founder of TRON, said that it was a pleasure to be the most requested token listed on BTSE. He added that the BTSE integration was another step closer to the real-world adoption of crypto, a major goal of the blockchain sector.
TRX Accessible on the BTSE Order Book
TRX tokens will be accessible on the BTSE Order Book. It is the 24th crypto coin to be added to the BTSE exchange. Users of the exchange can trade in both crypto and fiat pairings of TRX. TRON ( TRX ) is currently the 16th largest cryptocurrency by market capitalization. At the time of publication, the market value of TRX hovers around $1.171 billion.
About TRON (TRX)
TRON was founded in 2017 via the Tron Foundation, which is based in Singapore. The company is led by Justin Sun who also recently acquired Steem, the blockchain-powered social network. However, the acquisition was not without controversy. When Sun acquired Steem, the community attempted to limit his powers through a soft fork. Sun later reversed the changes and is now in full control of Steem. However, he has promised to make changes that satisfy the whole community.
Web 3.0- The Future of the Internet
After the acquisition of Steem, Sun has set his eyes on making TRX the token of choice for Web 3.0. In the next generation of the internet, data will be relayed via a decentralized network that will eliminate the need for content applications. It would place power in the hands of users, unlike the current situation where a few major players control content delivery.
Following the listing of TRX, BTSE announced a giveaway of $20 to four lucky people each. In order to be eligible, a person needs to follow @BTSEcom on Twitter. Besides that, one has to tag three people that own TRX. Additionally, they must have an open account on BTSE. For those without an account, they can use this link to sign up.
As COVID19 continues to scale across the globe, users generated content platforms are growing in popularity. BTSE will continue to increase accessibility to tokens that improve user experience on their network by integrating TRON. In addition to Theta, TikTok, and YouTube, TRON is another large player to watch in the content space. TRON tends to be labeled an “Ethereum rival” due to its increased flexibility, faster speeds, and cheaper transactions.
Image Source: BTSE Blog