Swap to main Tron (TRX) Binance to Ease Swap
In an announcement published today, Binance's cryptocurrency exchange made it easier for TRON (TRX) holders to switch from ERC-20 based on Ethereum to Tron's main blockchain. They will eliminate the frustrations that some users might try to manage the token exchange themselves.
– Binance (@binance) 11 June 2018
They will start by suspending all TRON (TRX) withdrawals starting from 24 June 2018 at 00:00 (UTC). If you do not want to handle the exchange, be sure to move the whole TRX from your wallets or other exchanges to Binance before the Mainnet token exchange.
If you forget to move tokens in advance, we will ensure that Binance will help you make the transition after the mainnet has been launched. It may take between 24 and 48 hours after the launch of Binance to open withdrawals.
You can learn more about the official TRX Token Swap on their GitHub page
The TRON (TRX) / Tether (USDT) trading pair opens
In the same ad, the cryptocurrency exchange added the much desired trading pairs of TRON / Tether or TRX / USDT.
– Justin Sun (@justinsuntron) 11 June 2018
A lot of users in the social communities Reddit and Twitter have asked Binance to add this trading pair to help with the daily price crunch fluctuations.
Trading pairs had to open today, at 11.30 (UTC).
TRX / USDT from Tronix
Prices have fallen about 5% since yesterday to what most are contributing to the Coinrail Crypto Exchange Hack which has broken confidence in the market. Bitcoin is down 6.48% and Ethereum is down only 6%. But this will give TRX users a safe haven to switch from TRX to USDT as they see falling prices.