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Indonesia Exchange Indodax Partners Up with TRON (TRX)

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TRON (TRX) continues to progress, and its latest partnership includes Indonesia’s largest crypto exchange – Indodax. This will help TRON expand even more, while the exchange is expecting more users to join up, now that they are offering yet another crypto.

TRON enters yet another partnership

Despite the fact that TRON (TRX) has just launched its MainNet, this crypto still doesn’t show any signs of stopping. Instead, it continues on its way to conquer the crypto world, and its newest development includes a partnership with Indonesia’s largest crypto exchange, Indodax.

TRON has had several large expansions recently, the biggest ones being the expansion to Malta’s market, as well as its enlistment in Binance. Now, Indonesia also decided to open up to this crypto, which will help spread TRON’s influence in Asia. Starting today, June 4, the official TRX/rupiah pair will become the new trading possibility.

Indodax is an exchange that has been around for a while, now. It was created back in 2013, and until March of this year, it was called Bitcoin Indonesia. The exchange is currently processing over $20 million in various available cryptos per day, and with the addition of TRON, this amount may soon become even bigger. The exchange numbers around 1.14 million users, and according to estimations, over 3,000 new users are choosing to join in on daily basis.

The trading activities are expected to start tomorrow, June 5, and the exchange cannot be more excited to welcome TRON under its fold. Until now, Indodax was only offering a select few cryptos, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Its only trading pair so far was Bitcoin and Rupiah. According to the CoinMarketCap, the exchange’s total market cap right now is at around $23.4 billion, and the platform’s top cryptos are Storiqa, Bitcoin, and Tokenomy.

TRON’s team shares the excitement

The excitement about the enlistment of TRON is also shared by its founder, Justin Sun, which can be seen in the great number of tweets dedicated to this expansion.

So far, TRX has become a part of 98 exchanges across the globe, and Indodax is only the latest one to accept it. Still, it will not be the last one, and Sun has also mentioned this on his Twitter account, where he hinted at many more partnerships that this crypto is planning to enter in the future.

The enlistment of TRON is seen as a very positive development for Indonesia, especially since the Bank of Indonesia’s Governor, Agus Martowardojo, announced a total ban on all cryptos back in December 2017. The legislation which was enforced at the time prohibits the use of cryptos as a payment option. However, the legislation does not include activities like crypto mining or trading, which still allows exchanges of this country to continue functioning as usual.

As for TRON, its current price is at $0.059, and it remains the top trading coin in exchanges like Binance, Upbit, and Bithumb. A lot of TRX supporters have also noticed the slight increase in its price recently, as well as the market turning green, which brings high hopes for this, as well as various other cryptos.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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