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Tron announces listing at Indonesian Exchange and eyes developing markets

Published

6 years ago

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Indonesia is topmost economy of South East Asia

TRON is expanding at a rate which is causing bewilderment to some and excitement to many. The company founded by Justin Sun is now expanding its trading in the developing world markets. The market listings in growing economies are involved in tapping huge potential of the cryptocurrencies.

Justin Sun is very ambitious when it comes to his plans regarding Blockchain technology. But he is also very resourceful in penetrating the developing markets when it comes to involve his company into the trade list. He got TRON (TRX) listed on Indonesian exchange Indodax.

The listing will begin from June 5th. Justin Sun announced this news to TRON community via his twitter account today. He said that TRON will be available to trade with Rupiah, Indonesian currency. The deposits will start from June 4th at national time of 8. The trade will begin from next day at 3:00 PM national time of Indonesia.

South East Asia is such an arena where the expansion of the cryptocurrencies are very under-rated. The market caps are much undefined and regulatory prices are not that much when compared to market headaches in South Korea.

Also there is huge market in these countries given that may people in this part of the world are interested in the crypto revolution. These market are there for seize. Given his Chinese background and unique sense of business opportunities, it is not very surprising.

Alibaba’s Jack Ma, who was Justin Sun’s former boss and mentor has already described this strategy. He claims that there is a competition between the American tech companies and Chinese tech companies for the third world markets. And he claims that Chinese have edge when it comes to understanding the third world markets,

The example from Pakistan was a case in point. The government announced the ban on UrduCoin and also targeted the crypto exchanges throughout the country. The news of the ban brought more attention to the crypto phenomenon and more investors have shifted from stock to crypto market in Pakistan.

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.

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Shubham Dwivedi is an ardent crypto enthusiast, gamer, fanatic binge watcher, and researcher. He writes frequently on the blockchain, crypto market, and ICOs. Self-proclaimed Libertarian and fan of Milton Freidman, his interests lie in the intersection of technology, economics, and politics. DC Fan but also loves Marvel, Manga Otaku, promiscuous reader and habitual cinephile.