Bittrex, one of the leading cryptocurrency exchange platform around the globe, announced that they will be opening USD market for Tron [TRX], one of the leading cryptocurrency in the market. The USD pair will be launched on the platform on 17th September 2018.
Bittrex announced on Twitter:
“We’re rolling out more USD pairs. On Sep 17 we’re launching US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible
#Bittrex accounts created before Sep 4 are already enabled for USD trading.”
This announcement comes in the limelight when Justin Sun, the CEO and Co-Founder of Tron Foundation, said that the cryptocurrency market will hit $10 million market cap in the future, in retaliation to Vitalik Buterin.
The exchange platform recently announced that they would be launching USD markets for more cryptocurrencies in the market. At first, it launched USD pairs for XRP [XRP] and Ethereum.Classic [ETC]. After which, they announced the launch of USD pairs for Cardano [ADA] and ZCash [ZEC].
According to the statement released by Bittrex, the USD pairing is a step towards the adoption of blockchain technology. Moreover, the USD markets aim to decrease the dominance and influence of one coin on other tokens in the cryptocurrency space.
In addition, the exchange platform also wants to provide its customers a more convenient, fast and secure option for trading along with the access to the most innovative blockchain projects in the world.
Sreenath Gupta, a Twitterati said:
“what a great news, TRX volume started increasing…”
Crypto daydream, another Twitterati said:
“Just well done! These use pairs are good for the whole crypto-industry”
Cryptobysmol, a Twitter user said:
“Thank you for becoming what @Coinbase would not.”
According to CoinMarketCap, Tron [TRX] was trading at $0.0175 with a market cap of more than $1.15 billion and has seen a significant dip of more than 20% in the past 7 days.
Recently, Bittrex announced that they would be expanding to Malta and announced the launch of Bittrex International Inc. The reason was to focus on their business operations outside of the United States. The platform also claimed that they will provide a secure, more reliable and advanced digital assets platform through their Bittrex trading technology in a statement regarding the launch.