[Newsflash] Tron (TRX) is Assisting in Alibaba’s Crypto Exchange Creation Efforts
Tron Assists Alibaba’s Efforts To Create A Crypto Exchange
The Tron team, responsible for the popular blockchain network is, according to inside sources, assisting Alibaba as it considers creating a crypto exchange to scale their ecosystem and their financial structure.
These two teams are sharing notes on how to make the best practices in this environment based on the work of other exchanges that have achieved a considerable success in the market.
A source from Alibaba has affirmed that the company has been talking about it for months and that they planned a lot before Justin Sun and his executive group at Tron started creating the infrastructure for Alibaba. Therefore, the plans to create this new exchange have been underway for quite some time until now.
Another source, this one from Tron, has confirmed the information. According to this source, Alibaba’s relationship with Tron is old and they consulted with them several times so far. The crypto exchange was one of the projects that were talked about.
According to both sources, Alibaba is serious about the idea of the exchange and there are people from Tron working on it right now. However, an information that is not yet 100% clear at this time is whether the company will directly link the exchange to its brand or not.
The most interesting information gathered by the original report is that Alibaba is very aware of all the crypto regulation issues in China, but not too much worried with them, as the group is in direct conversations with the Chinese government.
According to this mysterious source, whatever the Chinese leadership chooses, the country is heavily invested in cryptos and mining secretly and the crypto ban is only a smokescreen and the future of the exchange seems to be secured.
This story was originally reported by The ICO Journal. All the sources were anonymous and our blog did not have any direct contact with them.