According to an official release, Tron (TRX) will be listed on Poloniex. Tron (TRX) is currently the 11th largest digital currency with a market cap of over $1.1 billion. The digital currency would be available on the platform as of November 12 at 15:00 UTC. Once it is 15:00 UTC, users can start posting limit orders. The available pairs for the coin are TRX/BTC, TRX/USDC, and TRX/USDT. According to a report, only limit orders will be available at first. The firm will enable full trading shortly after this date. Tron (TRX) withdrawals and deposits will also be allowed in the coming days.
The CEO and founder of Tron (TRX) – Justin Sun – also confirmed the listing of TRX on the trading platform. Sun was excited about this development, as it has always been his goal to push the digital currency towards mainstream adoption.
In other news, the Poloniex team recently announced that they would soon spin-out of Circle – the parent firm of the platform – into a new independent international firm, Polo Digital Assets Ltd. The spin-out is backed by an Asian investment group and it would bring considerable freedom and resources to deliver the marketing strategies and product features needed to be competitive. With the recent spin-out of Poloniex from Circle to an Asian investment backing, the listing of Tron (TRX) on the trading platform might not come as a surprise.