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The entire cryptocurrency has seen the bear before today, with a majority of the two-digit bleeding identified coins in a fraction of minutes. This included all the major market currencies like Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC]and Tron [TRX]. To add, Ethereum [ETH] he lost again his second position in XRP, immediately after the first attack of the bear.
Tron [TRX], one of the main cryptocurrencies in the market, was getting the most from the bull market while the currency rose from the tenth position to position itself at the current eighth position in the market and claim the throne of the biggest winner on the market. However, the coin was not able to escape the bear, as it was among the coins that had seen a double-digit loss and fell into ninth place.
However, the currency is recovering much faster than any other cryptocurrency, recovering everything that has lost on the market. According to CoinMarketCap, at the time of the press, Tron was trading at $ 0.0273 with a market capitalization of $ 1.82 billion. The cryptocurrency recorded a trade volume of $ 776.08 million and saw an increase of over 36% over the last seven days.
In the midst of all the major market movements, OKEx, one of the leading space-based cryptocurrency platforms, has stepped forward to give the currency a further boost in the market. The exchange announced the opening of the marginal money market. With this service, customers will be able to open a position for the currency with leverage, the money borrowed from the trading exchange. In addition, a trader can both short and long position based on market performance for cryptocurrency.
The exchange platform has announced that the currency will be combined with Tether [USDT] and Bitcoin [BTC] for the trading margin. OKEx also said that platform customers will be able to take advantage of 2 leverage on their available balance or the maximum amount indicated by the exchange, with the preference given to the smallest amount.
Loan amount available for Tron on OKEx | Source: OKEx
Justin Sun, the founder and CEO of Tron Foundation, said on Twitter:
"Thanks for the help.
@OKEx#TRON"
KYxWarMonkey, a Twitterati said:
"I knew once I went 100% all in
#trx#tron [Justin Sun] he will take care of us and you have answered very well! I can not see the future of Trons! Kiss Kiss"
Recently, the currency has been in the spotlight due to the announcement of BitTorrent, the largest Torrent platform in the world. The Foundation presented the BitTorrent token [BTT] whitepaper, a TRC10 cryptocurrency, and announced that the token crowdfunding would be held on Binance's new platform, Binance Launchpad. To add to the investor's delight, Justin Sun announced that the BitTorrent token would be broadcast in full to the entire Tron community: all TRX hodlers.
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