Tron [TRX] and ICON [ICX] Now Open for Deposits & Withdrawals on Binance

The mainnet token swap of the Tron (TRX) and ICON (ICX) has been officially completed by Binance as the top cryptocurrency exchange by the market cap made the announcement. Tron and ICON community along with Tron founder and CEO Justin Sun is extremely excited.

Binance completes TRX and ICX mainnet swap

The popular cryptocurrency exchange Binance has finally completed the mainnet swap of the Tron and ICON cryptocurrency. Binance took to Twitter to make the announcement.

#Binance Completes #TRX and #ICX Mainnet Swapshttps://t.co/MnWduD08O0 pic.twitter.com/wVhSq4VKMv

— Binance (@binance) July 10, 2018

The official blog states,

“Binance has completed the TRX and ICX mainnet swaps. Deposits and withdrawals for TRX and ICX are now open.”

This brought a relief to the community of the Tron and ICON as they will be now able to use their coins that have been in the lurch during the mainnet token swap.

Well, the founder and CEO of Tron seems to be the happiest of the news as he shared multiple tweets for the same.

Great!!! https://t.co/Z43B5LPzjQ

— Justin Sun (@justinsuntron) July 10, 2018

Thanks, @binance. Vote! Vote! Vote! ?#TRONSR #TRX $TRX #TRON

— Justin Sun (@justinsuntron) July 10, 2018

?@binance has completed the #TRX mainnet swaps. Deposits and withdrawals for #TRX are now open. #TRON $TRX https://t.co/RoZOjr2SCb pic.twitter.com/5lfFWgJ554

— Justin Sun (@justinsuntron) July 10, 2018

The excitement of the community members, as well as Justin Sun, can be understood as Binance is the top cryptocurrency exchange as per Coinmarketcap. With a daily trading volume of $1.2 billion, Binance holds about $30 million of Tron trading against USDT and BTC pairs. As for ICON, the exchange amounts to about $18 million of its trading.

Also, read: Tron’s Race For 6th Position Seems Dashed In Market Bear As Neo Takes Over 11th Position

The mainnet launch of Tron happened at the beginning of June and the token swap took place by that month end. At the time of writing, the world’s 12th largest cryptocurrency Tron (TRX) has been at $0.033 with a loss of 9.32 percent in the past 24 hours. It is also down by 4.69% and 0.68% in the BTC and ETH market respectively. According to Coinmarketcap, it has a market of $2.2 billion with the 24-hour trading volume of $155 million.

The token swap of ICON took place at the end of last month. At 24th rank, ICON (ICX) is down by 11.92 percent while currently being at $1.48. As the majority of the market takes a dip, ICX also runs in red in the BTC and ETH markets as well with approximately 7.30% and 3.40% respectively. This cryptocurrency has a market cap of $573 million while managing the daily trading volume of $33 million.