Connect with us


Tron [TRX] is onto its fiat expansion plan; Bitfinex adds three TRX/fiat pairs

Priyamvada Singh



Tron [TRX] is onto its fiat expansion plan; Bitfinex adds three TRX/fiat pairs
Source: Pixabay

Justin Sun, the Founder and creator of the top-20 cryptocurrency, Tron [TRX] announced on Friday that Bitfinex will now be supporting the three pairs of TRX with Euro [EUR], Japanese yen [JPY] and Pound sterling [GBP]. The addition of TRX/fiat pairs is being seen as the fiat expansion plan within the Tron community. In his official Tweet, Justin Sun wrote:

“Crypto exchange @bitfinex adds #JPY, #GBP and #EUR trading pairs to #TRON. #TRX $TRX”

Bitfinex is one of the leading cryptocurrency exchanges in the world. Earlier this week, the platform underwent a maintenance period where it announced that it is working on its infrastructural updates.

At the recently held Ethfinex Government Summit, Parolo Ardoino, the Chief Technology Officer of Bitfinex delivered a talk about his exchange discussing the recent products, Ethfinex and EOSFinex with the community. Here, he conveyed that Bitfinex created these products to follow an unbiased approach to avoid disputes within the developers’ community.

Since the cryptocurrency market has not been performing in its full enthusiasm, Tron is one of the few coins under top-20 to be performing relatively well. At press time, TRX is trading at $0.0229 with a market capitalization of $1.5 billion. The price is up by 2.74% with a 24-hour trading volume observed at $172.5 million.

Over the past 7 days, TRX has experienced a fair level of fluctuation. On 4th October, TRX touched its week-peak when it took a huge leap to trade at $0.0234 with a market cap of $1.54 billion. Post this, the price did not attain a higher trading mark and have been swinging up and down since then.

Crypto Felicia, a cryptocurrency trader and blockchain enthusiast commented on Justin Sun’s Twitter announcement. She wrote:

“I knew some friends who were waiting for the EUR trading pair. They’ll be super excited! #trx #tron #crypto”

Another Twitter user named CryptoJaws also put forth an opinion regarding TRX and the Bitcoin correlation movement. The comment read:

“more currency pairs / stable coin pairs means we don’t need to buy ETH/BTC anymore. go #tron level out the play field less correlation to bitcoin movement”

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.