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19 Exchanges Complete Tron (TRX) Token Migration, Further Boosting TRX Liquidity

Liquidity is defined as the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price. Market liquidity allows assets to be bought and sold at stable prices. With respect to our favorite digital asset of Tron (TRX), its liquidity has been hampered from the 21st of June since the project started the process of token migration that was further assisted by the over 52 cryptocurrency exchanges supporting the migration.

Out of these 52, only 19 have completed the token migration. Justin Sun had earlier highlighted this fact via twitter when the number of exchanges that had completed the process were 17.

17 exchanges already resumed #TRX deposit and withdrawal as of July 13 (UTC+8). #TRON $TRX

These exchanges are:

  1. Binance

  2. Bitfinex

  3. Bitforex

  4. Bitpie

  5. Bittrex

  6. Bit-Z

  7. Bjex

  8. Cobo

  9. CoinEgg

  10. Coinfalcon

  11. Coinnest

  12. Gate.io

  13. Hitbtc

  14. Huobi

  15. Liqui

  16. Max Exchange

  17. OKEx

  18. Tokenomy

  19. Upbit

These means that users of these exchanges who had deposited their TRX for migration into the new Tron Mainnet, can now withdraw their TRX for safe keeping in cold storage as well as stake their coins for the ongoing Super Representative elections.

On the issue of cold storage, popular hardware wallet of Ledger Nano S, now supports Tron (TRX). In an announcement by the team at Ledger, they stated that:

Tron (TRX) can be managed from a Ledger Nano S through the use of Tronscan Desktop and the Tron app on your Ledger device. Both are developed and supported by the Tron community.

This new development is very welcome by TRX HODLers for they believe the value of the coin will soon skyrocket as adoption of the Mainnet to develop Decentralized Applications begins to become popular. There is also the added news of the Tron Foundation locking up 33.25 Billion TRX to guarantee the circulating supply of the coin; further enticing investors to buy it.

There is also speculation as to what Justin Sun and the Tron Foundation intend to use the newly acquired BitTorrent platform to further decentralize the webs. Other exciting recent developments include Pornhub deciding to now include TRX as a form of payment on the platform. The future is indeed bright for the Tron Project.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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Verge (XVG) Listed On Bitbns and Gate.io Days After Bitfinex Listing

The last one week has been an eventful one for Verge (XVG). Four days ago, the Bitfinex exchange announced that it would be trading XVG on its platform. The coin is now tradable against BTC, ETH, USD, BGP, EURO and JPY on the platform.

Bitfinex is one of the largest trading platforms in terms of daily trade volume. It is ranked 5th with respect to exchanges that charge trading fees with a daily trade volume of $959.93 Million at the moment of writing this. When ranked against all exchanges, including those with no trading fees, Bitfinex is ranked sixth.

Yesterday, another exchange known as Gate.io listed Verge (XVG). Gate.io listed XVG together with Nano (NANO) but they are still working on the wallet integration with deposits and withdrawals to be enabled at a later date. Game.io is ranked 14th overall in terms of daily trade volume and when categorized with all exchanges: those that charge trading fees and those that do not. Current trade volume at the exchange is at $194.339 Million. This listing adds to the liquidity of XVG in the markets.

Less than 12 hours ago, Verge (XVG) was then again listed on India’s fastest growing exchange, Bitbns.com. The exchange is currently ranked 105 on coinmarketcap and when considering exchanges that charge trading fees and those that do not. The exchange is currently doing $3.93 Million in daily trade volume and is strategically based at the heart of India. Popular coins on the exchange include Ripple (XRP), Electroneum (ETN), Tron (TRX) and Ethereum (ETH) in that order and according to daily trade volume.

Current market analysis of XVG put its value at $0.08 and up 2.12% in 24 hours. With the continual listings of the coins and partnership announcements, the coin is sure to break the 10 cents barrier very soon. Verge’s greatest selling point is the availability of choice by the user, to switch from public to private ledger to transact in an anonymous manner. The transactions also are of low cost. This is why it was chosen by MindGeek (Pornhub) and TrafficJunky.