TRX Coin Adds Shift Markets to its Increasing List of Partnerships

TRX coin, one of the largest blockchain based ambitious project dedicated to building the infrastructure to decentralizing the Internet, has partnered with Shift Markets to increase the number of global currency market where TRX coin is traded.

TRX coin and shift markets share their excitements

According to the company TRX coin currently traded by nine brokers in nine countries and over few weeks, the tokens will be offered to a few more brokerages notably on in the UK and in India.  The official statement by Tron community read

“the first UK regulated exchange to offer TRX coin will begin trading in coming weeks,” in the same line, “JM Financial, a leading regulated FX broker in India, will be the first in the region to offer TRX next week”.

Increased presence across new brokerages would make Tron more fairly distributed currency. As per a few reports, the number of TRX coin holders is 1.08 million compared to slightly over 3 lakh holders of EOS.

Tr\on coin founder Justin Sun expressed his excitement saying that the partnership with Shift Markers marks a major expansion in the availability of TRX coin and Fiat trading.

Ian McAfee, CEO of Shift Markets also shared similar positivity and expressed his eagerness towards bridging the gap between forex fiat currencies and cryptocurrencies with this partnership with Tron coin. He was quoted saying

“The demand from FX has been enormous, and we anticipate more and more crossover between the two markets.”

Also, read: SEC Makes a Move Towards Crypto Regulations, Appoints its First-ever Crypto Chief

Tron’s increased focus on partnerships

Tron has been focusing on creating a partnership which can provide it easy access, liquidity and increase availability. This partnership is amongst the latest that Tron has got into. Some weeks back the company had announced its partnership with Hydro Protocol technology which increases trading speed on crypto exchanges by up to 50 times faster than the current market standard.

The company also partnered with Bitkop which is a decentralized exchange and is growing in popularity in the South East Asian countries.  Another recent collaboration announced by Tron is with Max Exchange- the largest Crypto trading platform in Taiwan.

All these developments align clearly with the vision of Tron’s founder who was quoted as saying

“Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018, during TRON’s outstanding sprint out the gate. In 2018 we will reclaim and secure this title which will mark TRON’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum.”

Tron coin had officially launched its new MainNet on 31^st May, another big news apart from the partnerships, which brings Tron coin in close competition to Ethereum.

The price movement on the Token has not been that great even after fantastic announcements as investors wait for a longer rally which probably would happen when these partnerships actually materialize.

Do you think Tron can achieve back the status it held earlier this year? Do write to us your views on the same.