Coinnest, one of the leading cryptocurrency exchange platforms of South Korea will be supporting Tron [TRX] Mainnet migration. Justin Sun, the Founder of Tron Foundation made the announcement regarding the exchange platform’s support earlier today.
This announcement comes within days after Binance, the biggest cryptocurrency exchange platform in the world announced their support towards Tron’s migration. One by one, all the exchange platforms are announcing their support to Tron’s migration from the Ethereum platform.
Justin Sun’s Twitter announcement says:
“Another Korea exchange Coinnest will Support Tron blockchain upgrade and TRX Token Swap.”
On their blog, Tron further stated that investors will be required to deposit their ERC20 TRX tokens to Coinnest and will receive TRX tokens which will be equivalent to the TRX ERC20 tokens. The team says Coinnest to be one of the superior digital assets trading platforms and supports multi-currency exchange service.
Tron virtual machine is scheduled to be launched on 25th May and the Mainnet will be launched on 31st May. The Tron [TRX] token migration is set on 21st June.
Recently, Coinnest was in the limelight as the CEO of Coinnest, Kim Ik-hwan and three other executives of two cryptocurrency exchanges were detained by the Korean authorities due to allegations of embezzlement of billions of South Korean Won from their customers and fraud.
Taihoon, a Twitterati says:
“you know that Coinnest is terrible exchange market in korea….especially illegal trade….please check it”
Kevin James, a cryptocurrency investor, and trader says:
“We will slowly take over everything. TRX all the way up!”
Mahi Kunal, a crypto-enthusiast says:
“I really support Tron and glad that so many exchanges including Binance has come forward and announced their support for Tron migration. But I am not sure about Coinnest. The platform is called scam by a lot in the market. Just watch out yeah.”
According to Coinmarketcap, Tron [TRX] during press time was trading at $0.062 with a market cap of $4 billion and has seen a significant dip of more than 7% in the past 24 hours and more than 1% in the past hour. The coin is currently ranking in the 10th position.
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