TRX Officially Listed on CoinSwitch
Tron Foundation Co-Founder Justin Sun has revealed that the TRX token can be exchanged on CoinSwitch platform. Making the announcement on Thursday, Sun noted that daily trading capacity on the exchange has been hitting the $1 million mark for the better part of 2018.
The development was confirmed by Aayushi a senior official at CoinSwitch. More than 300 cryptos are listed on the exchange platform.
CoinSwitch offers attractive prices being the only platform to exchange coins across all the trading platforms. The system also supports 6000 currency pairs, making it a major player globally.
Enthusiasts reacting to the news lauded Tron over its efforts to assist in realizing the full potential of the blockchain.
However, some customers have raised a number of concerns. A Twitter user claimed that TRX was overvalued and the CoinSwitch listing was meant to justify the high price. He said that the few coins in circulation are meant to increase the price of the token.
CoinSwitch integrates a number of major exchanges across the world aggregating altcoins and digital currencies. The addition of TRX means that it will be used for purchase. The platform also released a guideline detailing how to conduct the process.
On the crypto chart, Tron is currently holding the 11th spot with a trading value of $0.02 while the TRX token had a market cap of $1.319 billion and a capacity of $87.147 million.