Renowned cryptocurrency exchange and digital asset trading platform, Bitfinex listed TRON (TRX) on its platform for trading earlier this year. The platform has now added fiat trading pairs with the digital asset. Furthermore, fiat currencies like the Japanese Yen (JPY), British Pound (GBP) and Euros (EUR) will trade against the TRON cryptocurrency.
The company made the announcement via its official Twitter handle and on its blog.
They tweeted: “We are pleased to announce the addition of $JPY, $GBP and $EUR pairs to TRON (TRX). With the addition of the above fiat markets, it is our continued aim to improve digital asset market liquidity and stability. @Tronfoundation $TRX“.
About the Addition of Fiat Markets on the Platform
Bitfinex has always aimed to improve the liquidity and stability of the cryptocurrency and digital asset market. Furthermore, the company stated that this move came as a result of the growing demand of a flourishing market.
The company stated in their official blog post. “Today we are pleased to announce the addition of a number of new fiat trading pairs for Tron (TRX). Specifically, we have added the following markets: TRX/JPY, TRX/GBP and TRX/EUR”
The market for cryptocurrency and digital asset trading has been growing rapidly. Furthermore, the increased engagement comes as a result of interaction with international markets with foreign monetary currency. Hence, the addition of the fiat market wasn’t just a smart move, but a boon to international users and traders.
About TRON (TRX)
Justin Sun’s TRON Foundation wants to become a decentralized entertainment industry content ecosystem. Furthermore, they want to return control to its users, to store, and own their data. Furthermore, they want to provide a platform to the content creators to independently publish their own content, without reaching any middlemen.
TRON wants to make a susbscription and distribution economy using the decentralization concept that empowers the technology of blockchain. TRON also acquired BitTorrent to leverage its users base, just 2 months ago.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.