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Tron [TRX] to be listed on KuCoin, gives a boost before TVM launch

Akash Anand

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Tron [TRX] to be listed on KuCoin, gives a boost before TVM launch
Source: Unsplash

On 26th August, Justin Sun, the Founder, and CEO of Tron announced that the TRX token will be listed on KuCoin, a Singapore based worldwide cryptocurrency exchange. He also stated that the trading pairs, TRX/BTC and TRX/ETH will be available on 28th August, two days before the launch of the Tron Virtual Machine.

Justin Sun's tweet | Source: Twitter

Justin Sun’s tweet | Source: Twitter

KuCoin states that they aim to provide users with seamless digital asset transactions and exchange processes. The exchange provides users with the option of more than 350 trading pairs.

KuCoin was also in the news recently when it announced Merculet [MVP] as part of its tradable cryptocurrencies. MVP, the official digital currency of Merculet is now accessible on KuCoin with trading pairs including MVP/BTC and MVP/ETH.

The Foundation had also announced a few days back that the TRX token can be traded on CoinSwitch. He also stated that the daily trading volume on the cryptocurrency exchange aggregator has been reaching a total amount of $1 million during the course of 2018.

The Tron juggernaut has been on a roll with the Foundation announcing multiple updates and tie-ups prior to the launch of the Tron Virtual Machine on 30th August.

According to Justin Sun, the Tron Virtual Machine will be compatible with the Ethereum Virtual Machine. This would enable the Ethereum Virtual Machine developers to go onboard with the Tron platform for ‘almost free’. Moreover, the virtual machine is going to provide the developers with a secure, efficient, stable, scalable, and convenient blockchain system.

In addition, the theory of Bandwidth is going to be applied to the Tron Virtual Machine. There is no fee imposed on the transaction operations or smart contracts. During the launch of the beta version, the CTO of Tron Foundation, Lucein announced that the Tron dApp ecosystem is going to be divided into 3 parts – Development tools, Engine Tools, and third-party tools.

At the time of writing the TRX token was enjoying a noticeable surge of 5.68%. The coin was trading at $0.023 with a market cap of $1.52 billion. The cryptocurrency has been undergoing a temporary jump in and out of the top ten cryptocurrency club with TRX currently nestled at the 12th position.





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Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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