Bittrex Crypto Exchange To Add Tron TRX-USD Pair On September 17th 2018
Justin Sun, CEO of the Tron Foundation tweeted the announcement of the most recently added pair on Bittrrex exchange–Tron (TRX) to US Dollar (USD) pair [TRX/USD]–on September 17th 2018.
Bittrex exchange announced its plans to add the TRX/USD pair to its trading charts this Wednesday, September 12, 2018. The Twitter release was heavily appreciated by most of the admirers of the exchange and the cryptocurrency as trading goes live on September 17th 2018.
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. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/21xA8xZ4vm
— Bittrex (@BittrexExchange) September 12, 2018
The addition of fiat pairs of trade to TRX in the coming days to Bittrex exchange was heavily praised by the premier of Tron Foundation and co-founder of the Tron blockchain, Justin Sun. The enthusiastic CEO seemed optimistic in the latest addition of TRX/USD trading pair to Bittrex remarking on its importance towards pushing TRON to global adoption.
Bittrex exchange is expected to open the trades to the TRX to US Dollar pair on September 17 as TRON’s spectacular year continues despite its struggles on the price charts. Bittrex is currently one of the most known exchanges in the world of cryptocurrency trading. With a total daily volume of $61 million USD worth of crypto traded on the platform, Bittrex offers a liquid and deep market for the traders of the TRX/USD pairs.
— Justin Sun (@justinsuntron) September 12, 2018
TRX reaction to Bittrex listing TRX/USD pair
Tron (TRX) benefited slightly from the latest news from their CEO and Bittrex exchange as people flocked to buy the token after the announcement. The slight increase seen in price from a year to date price of $0.017356 USD in the early hours of Wednesday to a current price of $0.018194 USD. As the market tumbled over in the last few months, TRX has seen its price drop as a result. Since the start of June, after the Tron mainnet was launched, the coin has seen its price decrease by over 70% all own to the market factors.
7-day TRX/USD chart showing the spike after Bittrex added the TRX/USD pair
This recent pairing of TRX with one of the strongest currencies in the world, USD, will serve a redemption to a coin that has performed poorly in the last few months. Furthermore, the burden of excessive trading of the TRX token with Bitcoin (BTC) and Ethereum (ETH) will be lift off as fiat trading take up shape on Bittrex exchange. According to Coinmarketcap, less than 10% of all TRX trades are paired with the USD or any other fiat currency. The TRX/USD addition is set to improve these trading volumes giving investors a less volatile pair to deal with.
Tron community members will be excited by the latest addition of the TRX/USD pair as the market approaches Q4 that has long be known for its bullish momentum in the cryptocurrency market.