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Tron (TRX) gets listed on Turkey’s fastest growing crypto trading platform

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Tron is continuing spreading its tentacles and increasing its outreach this month as TRX has made it to fastest growing crypto-trading platform of Turkey, Koineks. The news itself was announced by Tron’s CEO himself, Justin Sun, who took to his official Twitter page for the announcement earlier today.

Turkey is one of the countries in the world that has taken a big interest in cryptocurrency and Tron has decided to play a major role in encouraging that interest. The Turkish crypto-trading platform, Koineks, has been known to offer more than ten digital assets and fiat currencies, including Bitcoin, Litecoin, Ethereum, Ripple, and more.

As of today, TRX deposits and withdrawals have begun on the crypto trading platform; the trading would start by tomorrow.

Just within its first year of creation, Koineks is now one of the 3 biggest crypto-exchanges in Turkey. Koineks is aiming to reach out to more and more people in other countries and it is establishing that step by adding Tron (TRX) to its platform.

Tron, on the other hand, is one of the biggest cryptocurrency in the crypto-market with a market capitalization of $1,557,896,709, at the press time, according to CoinMarketCap.

As many know already, Tron was created in 2017 by Justin Sun, its CEO and founder. The digital asset has its base in Singapore. The blockchain project prides itself to be one of the notable entertainment platforms that solely work on blockchain technology without the use of an open-source network.

Additionally, Tron has a digital asset (TRX) that also supports the creation and installation of Dapps. The blockchain was created to make payments and share entertainment contents for entertainment users. It is important to know that this is the first time the digital asset is getting listed on Koineks in any pair.

Understandably, lots of existing Tron users have expressed their gratitude with the new listing as well as it has raised the interest of Turkish investors to trade on Tron’s ecosystem.

Why These Listings on Various Crypto-exchanges?

So far, Tron has partnered with lots of crypto-exchanges to foster its ecosystem worldwide. Tron’s listing on different exchanges such as Koineks will boost the global use of TRX to increase the proficiency of the world’s entertainment industry.

As stated above, Tron ventured into the crypto-market in Sept 2017, and it was at $0.00204 in November 2017. A month later, Tron had a significant spike in its price (2000 percent) that pumped its worth to $0.0414. Right now, the cryptocurrency stands among the top 3 most-searched cryptocurrency on the internet. Tron also has a total supply of 100M TRXs with a market resource of 65M TRX. The cryptocurrency boosted its status further when it acquired BitTorrent this year.

Tron’s Listing Might Give a Boost to Koineks

Koineks started operating last year, and Faruk Fatih Özer created it. The company is based in Turkey with the sole aim of providing a crypto-platform where traders can trade cryptocurrencies with ease.

The platform began trading with just five cryptocurrencies, but right now, it has 12 coins on its platform – including Tron (TRX). Koineks is aiming to build its portfolio, and from the response of Turkish users on its decision to list Tron, it seems like the platform might get a further boost in its user base soon.

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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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Ripple director: Banks tapping into Ripplenet to form a network to ditch SWIFT

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Director at Ripple, Susan Athey was spotted giving a presentation to the audience in a video that gone viral yesterday (but it was recorded in early Octobober, last month). In the video, she claimed that banks are tapping into the Ripplenet to form their very own network. The senior executive of Ripple affirmed that banks are doing so to ditch the obsolete SWIFT system.

As per Susan Athey, less-established countries feel disadvantage while using SWIFT since only a handful of large US institutions are responsible for everything. She also shed some light on the facts that messages on SWIFT do not work well alongside it being a slow network.

Big groups from Asia, the Middle East, and Japan have joined RippleNet already. In Susan opinion, that hints smaller countries are the earlier adopters of Ripple blockchain.

Regarding the future of currency, Ripple aims at eliminating the need of ‘hub’ for payments. If you go and book an air-ticket through a hub, you’d more likely be purchasing the ticket at a higher price. Also, if an airline has a monopoly over a hub, it can control that for its benefits.

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XRP turns green as it secures listing on new crypto exchange Shardax

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An exciting new crypto exchange Shardax, which is built to be user-friendly, fast and secure one, announced to list Ripple’s XRP just recently. And all the major cryptocurrencies, including Bitcoin, are still trading in red, XRP is up by 2.34% at the press time.

Since the emergence of cryptocurrency and blockchain technology, crypto trading has been one of the most profitable investment options for many individuals who have an eye for emerging technology. However, considering the crypto market’s high volatility, unregulated and decentralized nature, the risks of fraud and complex technology make it problematic for new merchants and investors to venture into the industry.

Luckily, Shardax as a cryptocurrency exchange provides an alternative for investors and merchants who do not have the technical know-how or business acumen to run their due diligence on virtual currency ventures. And now the very same exciting new exchange has announced the listing of XRP.

What is Shardax Exchange? Why XRP listing on it is worth noting?

Shardax crypto exchange was launched in the third quarter of 2018, created to combine the dominance of top-tier cryptocurrency exchanges, with the capability to profit from…

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Decentralized Tron exchange hits 100m TRX trading volume, Sun eyes 500m

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The Tron community is undoubtedly taking every step possible in making sure that it does the best in the crypto world and takes the front seat. The progress TRX is making on a daily basis seems to be paying off well as it is attracting attention and for that reason, the trading activities on its decentralized exchange platform, DEX, are booming.

Tron (TRX) beats 100 million trading volume today

It has been merely a few days or so ago since DEX was discovered on Tronscan.org by Tron but the activities are ‘going crazy’ according to the blockchain firm’s founder and CEO Justin Sun. Initially, Tronscan.org DEX recorded around 25,513,713 TRX which only doubled in a day to about 57,957,467 TRX.

At that rate of increment, earlier today, it was noted today that it had reached 94 million TRX and Justin Sun seemed to be pretty sure that by today they will break the 100 million TRX mark. And guess what that has happened already.

This news…

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