BTSE, a financial technology exchange, announced this Tuesday that it has integrated Tron’s TRX token to its global network, as content sharing platforms continue to grow amid COVID-19.
The integration is the result of a number of the exchange’s users requesting that the TRX token be listed on the exchange, the company said in its statement today. It is also part of the exchange’s plans to accelerate retail adoption of cryptocurrencies.
TRON (TRX) was founded in 2017 by Justin Sun through a Singapore-based non-profit called the Tron Foundation. Sun, who is also the CEO of BitTorrent, recently acquired blockchain-based social network site Steem.
Following the acquisition, Sun is planning for TRX to create Web 3.0, or a “third web”, the statement explains. Via this third web, information and content will be transferred on an open decentralised network, without the need for content applications.
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Commenting on the integration, Jonathan Leong, CEO of BTSE said in the statement: “TRX has been one of the most requested tokens to be listed on the BTSE Exchange. We are happy to now provide our users with access to one of the largest cryptocurrencies by market capitalization and support the further growth of the TRON network in its quest to make content sharing more accessible, cheaper and faster.”
TRON token available on BTSE Order Book
On BTSE, the TRX token will be available to trade on the exchange’s Order Book. The token is the 24th currency to be made available on BTSE, with the virtual currency available to trade in both fiat and crypto pairing.
TRON is the 13th largest cryptocurrency in terms of market capitalisation, according to CoinMarketCap. At the time of publishing, there is currently $1.15 billion worth of TRX in circulation.
“It is our pleasure to be one of the most requested tokens listed on the BTSE Exchange. This integration is another step closer to real-world cryptocurrency adoption which is a major goal in the blockchain industry,” added Justin Sun, Founder of TRON in the statement.