Tron(TRX) is exposed to forex market: Justin Sun
Tron (TRX) has constantly been on the crypto news for a week now. From the various listing on various platforms to its partnerships with Shift Market. Tron founder Justin Sun in a recent tweet mentioned, “Tron is exposed to forex market (100 FX brokers) via Shift Partnership.” He also hinted Tron’s future perspectives focusing on the paradigm shift of fiat currencies.
How Tron got exposed to Forex market?
Forex is being considered one of the largest financial markets, since ages, with trillions of transactions being done on a daily basis. It is not a single market exchange, but a network of computers and brokers from around the globe. According to AMB Crypto report, Shift Forex specializes in aiding brokers with inception to sale, by supplying tools and services required. Shift Markets boasts of: ‘‘turnkey brokerage package that includes trading technology, liquidity, risk management, compliance, sales, and marketing. Clients include start-up, middle market, and established FX, CFD, and Cryptocurrency brokerages. The firm’s services span from startup phases to maturation and exit. Established in 2009, Shift’s team of professionals services a global base of clients from its New York City headquarters’’
The crypto exchange platform provides unparalleled trading experience along with different back-end solutions. Already, it has launched over 50 crypto exchanges and more than 100 brokerages in the FX space. Tron’s partnership with Shift Markets will be making the TRX token accessible through the Forex Trade markets, globally, giving it an entry into many countries.
Meanwhile, Tron (TRX) recently made an announcement on the official website of Tron has discontinued the ERC20 services to get ready for the migration. Tron Foundation confirmed the news by a tweet mentioning that depositing of ERC20 tokens on their official website has been discontinued on June 6 at 12:00 Singapore time. They also announced that ERC20 token withdrawals from the official website will go on until June 22 at 12:00 Singapore time. Also, Justin Sun shared the good news of a new TRX listing on BitoPro. The exchange will be supporting all deposits and withdrawals from 7 June (UTC+8).
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