Tron (TRX) Gets Paired With Binance’s BNB Token - Market Reacts To The News. Wednesday, September 19
Tron (TRX) Gets Paired With Binance’s BNB Token
The coin was also paired a few days ago on Bittrex exchange
Cryptocurrency exchange Binance has recently announced a new trading pair for its users. Binanciars (as they like to call traders in its platform) were greeted with the news that Tron (TRX) is now paired with the BNB (Binance’s native token) and it is exchangeable starting today, September 19, 2018 at 4:00 a.m. UTC.
Regarding the withdrawal fees for Tron, at press time, they have established a minimum withdrawal amount of 10 TRX, with a fee of 1 TRX.
The news, published on Binance’s official website, was also tweeted by the founder of Tron, Justin Sun, who seemed pleased with his coin being added to one of the world’s major cryptocurrency exchanges.
While TRX was already available for trading on the platform with other cryptocurrencies, such as Bitcoin and Ethereum, the fact that BNB is now available as a pair means that traders who usually work with the Binance coin now can trade TRX without having to go through an extra step, that is, cashing out fiat, BTC or ETH then changing them to TRX.
Logically, this is exciting for the whole Tron community, as they see their preferred token grow and evolve at a good phase, achieving milestones such as this one and little by little, fulfilling the goal of mass adoption.
The Market Reacts To The News
Right after the announcement of the TRX/BNB trading pair, the market reacted positively for the coin. Looking at the charts, we found a slight increase in its market cap by $ 35 million one hour after Binance posted the news on September 18 at 22:00 UTC, followed by another slight correction that lasted until 4:00 UTC of today – where the exchange of those coins was enabled – and registering another peak of $ 48 million added to Tron’s market cap.
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