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Bithumb Global Adds TRX, BTT to Its Offerings

Tuesday, 03/09/2019 | 11:57 GMT by Arnab Shome
  • The tokens will be listed against BTC and USDT.
Bithumb Global Adds TRX, BTT to Its Offerings
Tron

Bithumb Global, a subsidiary of leading South Korean crypto exchange Bithumb, on Monday announced that it would add three more tokens - TRX, BTT, and WIN - to its listings.

The listing came a part of the exchange's “Tron Week” campaign and will be added to its already available 69 trading pairs.

As detailed by the exchange, it will initiate trading with all three tokens on September 3 at 3 pm (UTC+8), while it initiated deposits 24 hours before the scheduled trading time.

For both TRX and BTT, the global exchange will provide two trading pairs - one against BTC and another against USDT - while for WIN token, only one trading pair, against USDT, is available.

Decentralizing the consumption of media

TRX is the token launched by the Justin Sun-founded Blockchain platform Tron. Initially launched on Ethereum blockchain, Tron last year migrated to its own blockchain which has turned out to be a competitor of its former host.

Last year, Tron acquired peer-to-peer file sharing platform BitTorrent and launched a platform-specific token last January to raise around $7.2 million. The token sale turned out to be a massive success as all the tokens were sold in under 15 minutes. WINk, on the other hand, is a TRC-20 token for a decentralized gaming platform.

Currently trading at $0.015 apiece, TRX lost 9.86 percent of its value in the last 24 hours, per Coinmarketcap.com’s data. However, with a market capitalization of over $1.05 billion, it still affirms its position within the top 15 digital currencies in the market.

Last May, Bithumb launched an open beta version of fiat-based exchange in 15 jurisdictions across the globe to tap into the lucrative fiat-crypto trading outside of South Korea.

Bithumb Global, a subsidiary of leading South Korean crypto exchange Bithumb, on Monday announced that it would add three more tokens - TRX, BTT, and WIN - to its listings.

The listing came a part of the exchange's “Tron Week” campaign and will be added to its already available 69 trading pairs.

As detailed by the exchange, it will initiate trading with all three tokens on September 3 at 3 pm (UTC+8), while it initiated deposits 24 hours before the scheduled trading time.

For both TRX and BTT, the global exchange will provide two trading pairs - one against BTC and another against USDT - while for WIN token, only one trading pair, against USDT, is available.

Decentralizing the consumption of media

TRX is the token launched by the Justin Sun-founded Blockchain platform Tron. Initially launched on Ethereum blockchain, Tron last year migrated to its own blockchain which has turned out to be a competitor of its former host.

Last year, Tron acquired peer-to-peer file sharing platform BitTorrent and launched a platform-specific token last January to raise around $7.2 million. The token sale turned out to be a massive success as all the tokens were sold in under 15 minutes. WINk, on the other hand, is a TRC-20 token for a decentralized gaming platform.

Currently trading at $0.015 apiece, TRX lost 9.86 percent of its value in the last 24 hours, per Coinmarketcap.com’s data. However, with a market capitalization of over $1.05 billion, it still affirms its position within the top 15 digital currencies in the market.

Last May, Bithumb launched an open beta version of fiat-based exchange in 15 jurisdictions across the globe to tap into the lucrative fiat-crypto trading outside of South Korea.

About the Author: Arnab Shome
Arnab Shome
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Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. Executive interviews Education: Bachelor of Technology - National Institute of Technology, Agartala (India)

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