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TRX/USDT pair listed on Binance as support to Tron’s MainNet migration

Sthuthie Murthy



TRX/USDT pair listed on Binance as support to Tron's Main Net migration
Source: Pixabay

The world’s largest exchange with a trading volume of about $1.7 billion, Binance had earlier announced complete support for Tron’s Main Net and token migration. They had declared support way before Mainnet had actually launched and now they are up with an addition to the older announcement.

Justin Sun also announced a few hours ago:

“#Binance Supports #TRX Mainnet Swap and Adds TRX/USDT Trading Pair. Happy Trading!”

Along with their support for the smooth token migration, they have also added a trading pair – TRX/USDT which is Tron [TRX] and Tether [USDT] during the bearish season in the market. Speculators are now hoping to see some positive figures due to the listing. Binance will open trading for TRX/USDT pair at 11.30 AM [UTC] on 11th June 2018.

Binance announced during the same that they will support the TRX Main Net token swap scheduled on June 25th and will also suspend withdrawals for Tron [TRX] starting from the 24th of this month 0.00 AM [UTC]. They have also clearly been stating that they will take care of all the requirements involved for TRX holders during and after the migration to ensure a smooth transition.

Tron's migration notice

Tron’s migration notice

Additionally, even if users continue to deposit ERC-20 TRX tokens into their Binance accounts after the token swapping is complete, Binance has assured to continue to complete the token swap for them. Binance has over 350 trading pairs actively transacting on their platform, evident enough to tag them as the biggest crypto exchange platform.

Tron [TRX] is the 7th highest cryptocurrency trading on Binance against Bitcoin [BTC] – TRX/BTC and Ethereum [ETH] – TRX/ETH at the 36th position. The fee for deposits is free while trading will cost 0.1% of the transaction amount.

Tron [TRX] is currently at the 10th position, being one of the biggest losers in the top 20 with almost 11% loss while Tether [USDT] is on the 12th position.

Abhishek Mittal, a Twitterati says:

“Time to rethink the trading fee for the highest traded token on #koinexindia, seems like all traders will prefer moving to Binance in the wake of opening of TRX/USDT pair effective today.”

Drose1, a market observer tweeted:

“Lol Binance getting desperate at this point.”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.