Bitfinex finishes TRON (TRX) migration to its “proprietary network” 18216
News
Madhurima Roy
Jul 12, 2018 at 10:38 AM

Bitfinex has made an announcement about the completion of its migration with TRON (TRX), a blockchain based decentralized protocol that aims to tailor a global free content entertainment system, utilizing blockchain technology. Bitfinex made the announcement both on its website and Twitter yesterday.

Bitfinex, a Hong Kong based cryptocurrency trading platform, also confirmed that with the completion of the migration, the deposits and withdrawals of TRON (TRX) are now “enabled”. The announcement said: “Bitfinex has now completed the TRON (TRX) migration and deposits & withdrawals for TRX have once again been enabled. All TRX stored on Bitfinex has now been converted into mainnet TRX tokens.”

SEE ALSO: Bitfinex announces full support for the upcoming VeChain (VEN) Thor token swap

“Bitfinex has completed the TRON (TRX) migration. Please generate a new deposit address and make sure all future withdrawals are sent to Mainnet wallet addresses,” said Bitfinex’s Twitter post.

Bitfinex finishes TRON (TRX) migration to its “proprietary network”-BCFocus

SEE ALSO: Twitter visits Tron office; curiosity builds up in the community

Justin Sun, the founder of TRON tweeted:

Bitfinex finishes TRON (TRX) migration to its “proprietary network”-BCFocus

What should the users do now?

Bitfinex stated that with the successful TRON (TRX) migration from ERC20 to the “proprietary network”, “it is important that all users create a new deposit address and ensure that all future withdrawals are sent to mainnet wallets”.

 

Image via Shutterstock

Join our Telegram group