Tron recently launched a new decentralized exchange, called TRX.Market, powered by Tron Network. This new exchange was launched to provide traders with increased trading platform options even with the currently unstable state of the crypto exchange market.
The launch of TRX.Market is a piece of welcome news both to the entire crypto market and traders on the Tron TRX network who had long wanted a trading platform that will provide an improved and better experience.
The exchange platform called TRX.Market will serve as the network’s foremost decentralized exchange. It will be located outside the Tron network and will trade in TRC20 token. The exchange will serve as an improvement on the existing one which currently only focuses on TRC10 standard tokens.
Announcing on its Twitter handle via #TRXMarket hashtag, the brains behind this technology says:
“#TRXMarket the first ever decentralized exchange of TRC20 token based on #TRON was launched at 04:00(UTC) on Dec 12. We’ve listed #BET #FUN and #GOC today,” the tweet read.
Tron team believes that the network has the potential to become the most sought after blockchain backed decentralized exchange in the industry, and will overtake the major platforms currently dominating the industry.
Hence, the new exchange with its better improved and new features has the potential to match the capacity of some of the best exchanges and will play a major role in Tron realizing its ambitions.
What’s New About the TRX.Market Exchange?
TRX.Market platform will afford users and traders new experience, enhanced trading activities and performance, healthier trading competition and options.
The exchange currently has three trading pairs in GOC/TRX, BET/TRX, and FUN/TRX, with the trio have pooling market trading volume of 2.288 Million TRX since Tuesday when it was launched.
The process of using the exchange is seamless as users will simply open a TronLink account on which they can access the amazing features available on the exchange.
Similar procedure applies for developers who may want to create and trade their tokens on the platform. These developers will need to complete a typical token application form which Tron Network has made available on its site.
The exchange also comes with an amazing social network. User and traders can reach out to TRX-Market’s customer support via the Telegram Chat. The Telegram chat forum is made highly convenient for users to share ideas and discuss market related topics, express complaints, post feedbacks and reviews of the exchange.
The exchange will have all its operations and activities managed from the Malta-based control room. The exchange is already registered in the Cayman Islands and is compliant with the local laws. Thus, users and traders can trade on the platform with the confidence that the exchange is secure, safe and operating within the ambits of the law.
It is yet to be seen if the new platform will bring some sorely needed relief and stability to the current volatile and bearish trend in cryptocurrency sector. Only time will tell if TRX.Market will be the solution.