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Kraken to List Tron with Two Fiat Trading Pairs

Kraken to List Tron with Two Fiat Trading Pairs
  • Today, U.S-based cryptocurrency exchange Kraken will list Tron (TRX), expanding its range of listed assets to 33. 

  • According to the announcement, Tron will be listed with four trading pairs: TRX/USD, TRX/EUR, TRX/XBT, and TRX/ETH.

Today, U.S-based cryptocurrency exchange Kraken will list Tron (TRX), expanding its range of listed assets to 33. 

According to the announcement, Tron will be listed with four trading pairs: TRX/USD, TRX/EUR, TRX/XBT, and TRX/ETH. Deposits and withdrawals are currently scheduled to open around 14:30 UTC on March 5, whereas trading will be enabled shortly after. 

Margin Trading Coming Soon

Kraken also provided some further details on the listing, clarifying that TRX deposits will require 20 confirmations before being credited, while the current minimum trade size is set at 500 TRX (currently less than $10). 

Customers will initially be able to trade TRX on Kraken, Kraken Pro, and the Kraken OTC desk, whereas TRX margin trading is currently listed as "coming soon." Likewise, Kraken also teased that Kraken Futures may be in the pipeline since these are listed as “not (yet) available.”

Customers can use Kraken’s status page to check the latest updates regarding the listing. 

Currently one of the top five spot exchange platforms by trading volume, Kraken regularly racks up more than $100 million in daily trade volume. However, unlike many major cryptocurrency exchanges, Kraken is somewhat selective with the cryptocurrencies it lists—with only high quality, liquid assets considered for listing.  

Commenting on the recent listing, Tron CEO Justin Sun posted the following to his Twitter;

“Finally! Now all the TRON hodlers in United States and Europe can find a great place to trade! My first recommendation for trading $TRX in United States and Europe is @krakenfx”

Why Tron?

As a blockchain platform built to host new and experimental blockchain applications, Tron is widely considered to be among the biggest rivals to Ethereum. 

Likewise, as a result of the regular updates to the platform, and its increased popularity among developers, Tron is widely projected to establish itself as one of the dominant platforms for decentralized applications. This rapidly growing popularity has seen Tron rack up more than 26% gains in the last three months.

Although the recent listing was just announced, Tron is already up almost five percent today, sitting at a current value of $0.0183. It remains to be seen whether the improved liquidity that results from the listing will see TRX continue to climb in the coming days. 

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