Singaporean cryptocurrency exchange KuCoin is going to trade TRON coin (TRX), TRON CEO Justin Sun recently tweeted. Trading starts on Tuesday, August 28, with the first Bitcoin and Ethereum trading pairs.
Given that KuCoin is a popular altcoin trading exchange, this should provide TRX with additional liquidity, as well as help dispel recent rumors that KuCoin's operations are not entirely legitimate.
Tron is also set to launch a custom-built blockchain TRON Virtual Machine (TVM) on Thursday to expand and improve the efficiency of the TRON ecosystem. TVM is also notable because it will be compatible with the Ethereum VM (EVM), meaning that smart contracts on Ethereum can be easily transferred to TRON.
Hopefully, recent developments will bring even greater success to the platform, given that the two-month-old platform has already reached approximately 40% of the total daily transactions carried out by the 3-year-old Ethereum network.
TRX is currently ranked 11th in the index AltDex 100 (ALT100), the benchmark index for cryptocurrencies and large-cap tokens, and KuCoin Exchange's KCS token is ranked 5th in the benchmark index for ALTEXC exchange tokens.
According to sludgefeed.com
You May Also Like
Binance invested $200 million in Forbes
Crypto exchange Binance will acquire a $200 million stake in Forbes ahead of its IPO through a SPAC company.
IRA Financial pension accounts hacked for $36 million
IRA Financial was hacked for $36 million. On February 8, hackers stole $21 million in Bitcoin and $15 million in Ethereum from IRA Financial Trust retirement accounts.
