Tron (TRX): Binance adds TRX/USDT trading pair to support MainNet migration
Tron (TRX) holders, fans and traders can rejoice as the world’s largest exchange having a trading volume of about $1.7 billion, Binance added trading pair TRX/USDT which is Tron [TRX] and Tether [USDT].
Binance had earlier announced its complete support towards Tron MainNet migration. In fact, the support was declared even before Mainnet actually launched. Adding to the old announcement, Justin Sun recently announced, “#Binance Supports #TRX Mainnet Swap and Adds TRX/USDT Trading Pair. Happy Trading!”
After the MainNet launch, it did not show positive figures as everyone was hoping for. However, with this listing people are hoping to see a positive change. The trading at Binance for TRX/USDT pair started around 11.30 AM [UTC] on 11th June 2018. The leading cryptocurrency exchange also announced that they’ll be supporting the Tron MainNet token swap which is scheduled on June 25. The withdrawals for TRX will also be suspended starting from June 24 at 0.00 AM [UTC]. Also mentioned that they will take care of things required for the holders during and post-migration, in order to ensure a smooth transition.
What will happen if users continue to deposit TRX into Binance accounts post token swapping?
Binance has assured that if users keep on depositing ERC-20 TRX tokens into their accounts after the token swapping is over, they would complete the token swap for them. Binance boasts off having over 350 trading pairs who are actively transacting on their platform, making them one of the biggest crypto exchange platforms. According to AMB Crypto report, Tron (TRX) is the 7th highest cryptocurrency trading on Binance against Bitcoin (BTC). There is no depositing fee but trading will cost around 0.1% of the transaction amount.
Tron (TRX) value
Currently, it is in deep red, in fact, it is among the top coins that went down the most. Currently, Tron (TRX) price is at $0.0466 with 12.62 percent loss in the last 24 hours, according to the Coinmarketcap. A market cap of $3 billion and the trading volume is around $65 billion.
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