ABCC Exchange announced the addition of TRX as a new quote currency on the platform. The latest development unfolded two months after Tron’s collaboration with ABCC. The digital asset exchange platform also revealed the listing of the TRX token pairs on its platform. The blog stated:
“The latest Tron [TRX] brings about the listing of BTT/TRX, IGG/TRX, SEED/TRX, TERC/TRX, and VENA/TRX.”
Following the addition of Tron’s native token, TRX on ABCC, Tron’s Founder and CEO, Justin Sun tweeted,
“We are excited to see @abcc_exchange adding #TRX as basic trading pair on Monday! Write them what you want to list on #ABCC.”
The ABCC team further announced the launch of an unspecified campaign to celebrate the TRX trading pair on the exchange’s platform. ABCC, whose native token is AT and has Basic and ABCC Pro incorporated to its trading platform.
The exchange platform has a user base of over 120 countries and communities and had partnered with Tron in January 2019. This marked ABCC as the first crypto trading exchange to list tokens based on Tron’s TRC10 technical standards.
According to the Tron developer’s network, the technical token standard, TRC-20 is supported by Tron’s blockchain natively and is used for implementing tokens with the Tron Virtual Machine [TVM]. TRC-20 is fully compatible with ERC-20.
Additionally, the Tron community also gained traction after recording $31 million in user spending on its DApps. The Tron network surpassed 2 million mainnet user accounts.
In the first week of March, Tron registered a transaction amount greater than that spent on EOS and Ethereum DApps combined, accounting for a staggering $46 million. The amount spent on EOS and Ethereum DApps stood at $11 million and $2 million, respectively. Last week, two new DApp games on the Tron blockchain BlockchainCutie and Chibi Fighters were leading in a report by Crypto Gamers-egamers.io.
At press time, Tron’s native token TRX, the tenth-largest crypto asset by market cap was priced at $0.023 and recorded a trading volume of $178.9 million in the past 24-hours. TRX held a market cap of $1.57 billion and exhibited a major bull run.
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Is Binance 2.0 and margin trading really accessible for ‘everyone?’
Binance, one of the world’s largest exchanges, announced recently that Binance’s upgraded version, Binance 2.0, was available to everyone. CZ tweeted,
“While #bitcoin is on a tear on price, @Binance have rolled out Binance 2.0, with margin access to everyone. In bear and bull markets, we #BUIDL!”
The margin trading feature which was previously available for limited users has now been made available for everyone. Although CZ’s tweet says it is available to everyone, there is still a catch to this. It is not available for users in countries where crypto-jurisdictions are unclear. These include the U.S, Iran, North Korea, Syria, Cuba, Crimea, Canada, Japan, and South Korea.
CZ followed up the above tweet with another, talking about performance, a “key improvement” that comes with Binance 2.0. Previously, when trading volume rose, users would suffer from lags and other performance issues. However, the upgrade will solve each of these issues, said CZ.
“One of the key improvements in this upgrade that not easily visible is performance. During peak times, if you experience lag or other performance issues, be sure to try out 2.0. We will soon decommission the “1.0” version due to legacy performance bottlenecks.”
However, even after CZ’s announcement, margin trading is still not accessible to a few users. These users were greeted with a notification which said, “This feature is only available for invited users.” A lot of users have complained about the same, with CZ yet to put out a statement about the same.
Additionally, Binance has announced the start of BEP2, which is a community listing program where Binance lists one project every month for three months. This will extend from the 20th of a month and extend to the 20th of the next month. Any of the following coins, as seen in the tweet below, might be listed on Binance over the coming days.
A reminder that you may see one or more of the below tickers on Binance .com soon.
— Binance (@binance) June 26, 2019
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