Despite the challenges that recently happened with TRON acquiring Steemit and the on-going COVID19 virus that’s been affecting the cryptocurrency market, which led to the downfall of the current prices of the major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), there are still positive things on-going with TRON. Recently, Justin Sun’s TRON is still working hard for new partnerships to expand the TRX cryptocurrency in every market by having WhiteBIT and Kraken their newest partners.
Kraken to list TRX
The TRON (TRX) trading is coming to Kraken, the popular U.S. cryptocurrency exchange Kraken will be adding TRX into their platform and it will initially provide four trading pairs and the best part of it that trading will begin shortly after enabling deposits and withdrawals. See Kraken’s announcement via Tweet below:
🚀*UPDATE* #Tron ($TRX) trading is now available on Kraken
LIVE trading pairs include:
Learn more about our newest crypto offering: https://t.co/coyQUnianQ
— Kraken Exchange (@krakenfx) March 5, 2020
This partnership would allow Kraken users to have the option to trade it shortly after on four different trading pairs, which include the two largest cryptocurrencies which are Bitcoin and Ethereum and the two currencies of Euro and US Dollar (TRX/XBT, TRX/ETH, TRX/EUR, and TRX/USD).
Kraken also outlined about the TRON’s feature, such as locking TRX and turning it to TRON power.
The process resembles “staking” on other networks such as Tezos. For TRON, users are rewarded with different levels of new cryptocurrency depending on their role in voting. At the time of listing, though, users won’t be able to lock TRX held on Kraken.
WhiteBIT adds TRX
Asides from Kraken, WhiteBIT a crypto exchange platform, just recently announced that TRON is joining their platform. With this, TRX will be able to be used to participate in a token issuance on TRON, receive BTT airdrops, participate in the Tronics Support Plan, buy virtual gifts, pay for some websites’ subscriptions and more. See their WhiteBIT’s tweet below:
— WhiteBIT (@WhiteBit6) March 5, 2020
TRX is paired with Bitcoin, Ethereum and Tether. With this, you’ll be able to trade TRX with WhiteBIT platform.
With the partnership with Kraken and WhiteBIT these would provide alternatives for trading TRON (TRX) and also ensures that despite the challenging events that TRON encountered, they are still here to fully support the cryptocurrency industry and engage in more partnerships in the future. Would this partnership help sway the public in changing their thoughts about TRON? Most likely, and this shows how committed TRON is when it comes to making partnerships within the industry.