— Justin Sun (@justinsuntron) August 27, 2018
According to the announcement, TRX trading will launch on Tuesday, August 28, with initial Bitcoin and Ethereum trading pairs. Given that KuCoin is a popular exchange for altcoin trading, this should work to add additional liquidity to TRX, while also helping to dispel recent rumors that KuCoin’s operations are not fully legitimate.
This listing comes just days before Thursday’s launch of the TRON Virtual Machine (TVM), a custom-built blockchain system built for the purpose of making the TRON’s ecosystem bigger and more efficient. The launch of the TVM is notable, as it is designed to be compatible with Ethereum’s VM (EVM) environment, meaning that smart contracts in Ethereum can be easily ported to TRON.
This launch will likely add further fuel to TRON’s 2-month-old platform, which recently reached roughly 40% of the total daily transactions of the 3-year-old Ethereum network.
TRX is currently ranked 11th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, while KuCoin’s KCS is currently ranked 5th in the AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.