Tron (TRX) continues to expand in the virtual currency market. This cryptocurrency has been added to the Turkish crypto trading platform Koineks. Koineks is one of the fastest growing blockchain and virtual currency platforms in the country. The information was announced by Justin Sun, Tron’s CEO, on Twitter, a few days ago.
Justin Sun Informs Tron Community About Koineks Listing
The popular virtual currency Tron has been added to the Koineks platform. According to Sun, deposits and withdrawals of TRX are available since November 5. Trading activities started also back on November 6. The trading pair added at the platform is TRX/TRY, the Turkish lira.
According to the official announcement, Koneks is the fastest growing cryptocurrency trading platform in Turkey. The exchange offers trading services with fiat and other virtual currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP, among others. One year after being launched, Koineks became one of the three largest exchanges in the country.
Koineks’ announcement reads as follows:
“Aiming to achieve the same success in other international markets as it has had in its home-country, koineks.com is taking steps to establish its presence in the Americas and European markets.”
#TRON will be listed on @koineks, Turkey's fastest growing cryptocurrency trading platform. You can deposit and withdraw #TRX on November 5, 13:00pm (TSI) and trade TRX/TRY on November 6, 13:00pm (TSI). $TRX #tronturkiyede pic.twitter.com/P4wIu8WtHV
— Justin Sun (@justinsuntron) November 5, 2018
Tron, is one of the biggest players in the virtual currency market. TRX is the 11th most valuable virtual currency in terms of market capitalization. According to CoinMarketCap, TRX has a market capitalization of $1.57 billion dollars. Moreover, each TRX token can be purchased for $0.023 dollars, according to CoinMarketCap.
This is a very important listing for Koineks. The platform started to operate with just 5 different virtual currencies and the intention is to expand the number of tokens supported.
During the last months, Turkey has experienced a very hard economic situation. Inflation has soared and its currency suffered a strong depreciation. Because of these things, Turkish started to enter to the virtual currency market searching for alternatives to their fiat currency. As per LocalBitcoins, trading volumes in BTC increased in the country in the last weeks.
Tron has also recently announced that it wants to make its network even more decentralized than before. The main intention is to remove the power of the genesis representative.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.