The Line Corporation trading platform added TRX, launching it into trading pairs with Bitcoin (BTC) and Ethereum (ETH).
Tron (TRX), one of the largest cryptocurrencies, has exceeded 13% Wednesday as Bitbox, the new exchange of the Asian messenger giant Line Corporation, announced the beginning of currency trading.
Bitbox has added two TRX trading pairs – with Bitcoin (BTC) and Ethereum (ETH) – at 01:00 UTC on Wednesday. The exchange also supports the Tether (USDT) market, but Tron is not yet available for trading in pairs with USDT. Line Corporation will support the TRX airdrop on Bitbox, with nine million coins destined to be sold by August 22nd.
The announcement of the exchange pushed the price of TRX from $ 0.18 to $ 0.20 several minutes before the official launch. At the time of writing, Tron earned 13.5%. The cryptocurrency has a market capitalization of about $ 1.34 billion, which makes it the th the most valuable virtual currency project.
TRX registered $ 97 million in trading volume over the past 24 hours on over 40 trades. Couples with BTC, ETH and USDT on Binance accounted for over $ 30 million, followed by about $ 10.1 million on Upbit, where TRX is also paired with the Korean won. The third largest market in Tron was Bit-Z, where the trading pairs with Bitcoin and Ethereum contributed approximately $ 9.3 million to the TRX trading volume.
Tron on Bitbox
Tron is the first virtual currency to be added on Bitbox after a review by the open listing committee that Line Corporation has established. According to the company, this initiative offers transparency in the process of listing new cryptocurrencies.
"The committee and review process of the open list is part of the BITBOX principle that all projects in the cryptocurrency community deserve equal opportunities to be listed on the exchange.BITBOX is now accepting applications from other coin projects that they want to join the exchange and are ready to undergo a thorough evaluation process, "
Line Corporation said in its statement.
The recent acquisition of Tron Foundation of the BitTorrent file sharing platform has also taken part in Bitbox's decision to add Tron.
"TRON has a strong technological platform, especially now it has joined forces with BitTorrent,"
commented BitYoungsu Ko, CEO of LINE Tech Plus of Singapore, which operates the exchange of Bitboxes.