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Tron [TRX] adds another feather to its cap as coin gets listed on OKEx’s Customer-to-Customer platform

Akash Anand



Tron [TRX] adds another feather to its cap as coin gets listed on OKEx's Customer-to-Customer platform
Source: Pixabay

Tron [TRX]’s approach towards mainstream adoption is paved by its multiple developments and tie-ups with different cryptocurrency organizations. The Justin Sun-led cryptocurrency enjoyed some success this year, on the back of the latest hard fork and the Tether [USDT] partnership.

The latest Tron update was announced by OKEx, the popular Malta-based cryptocurrency exchange. It announced that Tron will be listed on OKEx’s Customer-to-Customer market. Justin Sun, the CEO and Founder of the Tron Foundation tweeted,

“#TRX is now available on @OKEx C2C market, #TRONICS can trade $TRX fiat trading pairs TRX/CNY, TRX/VND, TRX/GBP, TRX/RUB, TRX/THB. Go #TRON.”

He also said,

“I am proud to announce that Tron will be listed on OKEx from March 11th. I have full confidence in the platform and I hope that fans and users of the cryptocurrency enjoy trading and conducting transactions on the platform.”

Tron was also in the news recently when the Tron-acquired BitTorrent revealed its new incentives program to increase adoption within the cryptosphere. The plan was to rope in BitTorrent’s 1 billion-plus users and integrate them into the Tron network. BitTorrent had announced,

“To keep growing the #BitTorrent community and make #blockchain accessible to most people we are unveiling three new incentive plans available to our users, partners, and the clients using our protocol!”

The incentives were in three forms: User incentives, Partner incentives, and Ecosystem incentives. The User incentives were planned to educate people about adding more investors and maintaining a steady pace of adoption. Partner Incentives targeted Tron’s tie-ups with cryptocurrency exchanges such as Binance, Huobi, and Ecosystem Incentives, as the name suggests, is a directive put forth by BitTorrent to reward customers who use their protocol with perks and advantages.

OKEx also enjoyed a good start to the year, as it added major cryptocurrencies such as XRP and Ethereum to its roster. In an official release, OKEX stated,

“OKEx C2C trading platform aims to provide a convenient and accessible way for public to better understanding of the application of digital assets and blockchain technology. The platform facilitates the trades between users by offering a low-volatility market and zero transaction fee.”

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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.


Rabobank announces plans to drop its crypto-project

Sarvesh Kumar



Robobank to drop its plans of having their own crypto-wallet
Source: Pixabay

Rabobank, a bank based out of The Netherlands, has decided to drop their idea of creating their own native cryptocurrency called Rabobit. The bank had announced their cryptocurrency plans in February 2018. Rabobank was looking at closing the gap between banks and cryptocurrency wallets. However, they have taken this decision after exploring the field for more than a year.

According to a report by Hard Fork, a spokesperson from the bank said,

“After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation”

Their cryptocurrency idea was part of the Rabobank Moonshot program, which was looking at boosting innovation in Fintech services. The bank does not consider their research a waste, but the same has led to valuable insights and experience in general, the spokesperson added

The spokesperson also said,

“We have learned valuable lessons about our customers and the crypto market and on how to design blockchain and crypto applications.”

The spokesperson cited regulatory uncertainty as the reason why the Dutch institution pulled out of the project. Although the bank has dropped the idea, they will be keeping a tab on the market and the regulatory changes in the industry.

Rabobank is not the only bank to drop the idea of having a cryptocurrency wallet. Recently, ABN AMRO, another Dutch bank, also dropped their plans of “Wallie,” their own cryptocurrency wallet. The reason for their drop was also with respect to regulatory conditions in the industry.

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