The popular cryptocurrency exchange OKCoin has added support for Tron (TRX). Tron has been released to the market with the intention to be the next Ethereum (ETH). Several exchanges are already listing TRX that has been growing during the past days. The information was released a few days ago by OKCoin in a blog post.
OKCoin Adds Tron Support
Tron investors and enthusiasts are now able to purchase this digital currency through the OKCoin platform. The decision to add support for Tron is based on the fact that this digital asset and blockchain project has been very active in the market in 2018 and the beginning of 2019.
The official blog post released by OKCoin says about this decision:
“TRON (TRX) has been one of the most active cryptocurrency projects on the market lately by announcing a slew of partnerships throughout 2018 – such as its recent deals with NeoWorld, a multiplayer online virtual reality world that runs on the blockchain, and China-based Internet giant Baidu.”
The Tron Foundation, led by Justin Sun, has also decided to purchase the p2p file sharing platform BitTorrent back in 2018. Now in 2019, the BitTorrent Foundation announced that they were launching a new token called BitTorrent Token (BTT). This new ICO will be launched through Binance’s Launchpad and it will be used to enhance the BitTorrent platform and its functionalities.
During 2018, Tron was able to launch its mainnet network and also the so-called Tron Virtual Machine (TVM). This allows developers to deploy different decentralized applications (dApps) on its network. During the last few months, the Tron network kept growing. Indeed, it was able to surpass Ethereum in the number of daily active users of dApps and in the number of transactions processed by these users.
Additionally, the number of wallets continues to increase as well. In the future, it is expected for the network to receive different new dApps after the Tron dApp Competition.
At the time of writing the article, Tron is the 9th largest digital asset in the market. The virtual currency was able to acquire this position after surpassing the recently created Bitcoin SV (BSV). TRX has a market cap of $1.68 billion and each TRX coin can be purchased for $0.025207m according to CoinMarketCap.
OKCoin is currently the 95th largest digital asset exchange in the market. In the last 24 hours, the exchange handled $2.61 million in trading volume.
Read More About Tron
Want to learn more about TRON? Read about how Tron’s transactions have passed other major coins in our in-depth article. You can also read about how Tron’s price was boosted earlier this year with the rumor of a big partnership.
Interested in investing in Tron? You’ll want to start with our Tron price prediction article as well as our analyst’s read on TRX trading in our Tron Technical Analysis.
The best place to buy or trade for TRX is on Binance. After, you can utilize the great features of TronWallet to hold your TRX.
