Justin Sun, Founder of Tron Foundation has announced in his tweets today that two exchanges, namely, Cryptopia and Bitbns have lent their support to Tron’s blockchain in the wake of its token migration; it is scheduled to take place on the 26th of this month.
Cryptopia is a Switzerland-based crypto exchange that facilitates deposit, trade, and withdrawal of Bitcoin, Litecoin, and other 400+ cryptocurrencies. It also carries crypto-market news and coin information on its portal.
Bitbns, on the other hand, is an Indian exchange platform that went live recently, in December 2017. It supports trading in all big crypto-coins – Bitcoin, Ethereum, Ripple, Cardano, and suchlike.
In the past three months, TRX prices have seen rapid fluctuations. At a point between March-April, TRX price plummeted to a low of $0.03, with the market capitalization of over $2 billion. Post this plunge, it rose to $0.99, with a market capitalization of over $6 billion.
At the time of writing, TRX was trading at $0.047 with a market cap of over $3 billion. In the past 24 hours, the price went down to 1.79%, while the 7-day data suggests a steep rise in its price of 18.45%. This sudden bullish nature in Tron’s price is speculated to be due to the upcoming migration period from June 21st to June 26th.
Nathan Toepper, an active crypto-investor, replied to Sun’s tweet, saying:
“I wouldn’t hold my breath on them doing anything. They’ll randomly lock up all your coins for weeks upon weeks with no updates…”
Another Twitter user, Arsenal enquired:
“How about HitBtc?”
Other exchanges that are on board with Tron on its token migration journey Binance, Bithumb. BitZ, Bibox, OKEx, Zebpay, and more. Coinosh, HyperPay are the most recent additions to this board of supporters gathered by Tron.
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