Indonesia Exchange Indodax Partners Up with TRON (TRX)
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TRON (TRX) continues to progress, and its latest partnership includes Indonesiaâs largest crypto exchange â" Indodax. This will help TRON expand even more, while the exchange is expecting more users to join up, now that they are offering yet another crypto.
TRON enters yet another partnership
Despite the fact that TRON (TRX) has just launched its MainNet, this crypto still doesnât show any signs of stopping. Instead, it continues on its way to conquer the crypto world, and its newest development includes a partnership with Indonesiaâs largest crypto exchange, Indodax.
TRON has had several large expansions recently, the biggest ones being the expansion to Maltaâs market, as well as its enlistment in Binance. Now, Indonesia also decided to open u p to this crypto, which will help spread TRONâs influence in Asia. Starting today, June 4, the official TRX/rupiah pair will become the new trading possibility.
Indodax is an exchange that has been around for a while, now. It was created back in 2013, and until March of this year, it was called Bitcoin Indonesia. The exchange is currently processing over $20 million in various available cryptos per day, and with the addition of TRON, this amount may soon become even bigger. The exchange numbers around 1.14 million users, and according to estimations, over 3,000 new users are choosing to join in on daily basis.
The trading activities are expected to start tomorrow, June 5, and the exchange cannot be more excited to welcome TRON under its fold. Until now, Indodax was only offering a select few cryptos, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Its only trading pair so far was Bitcoin and Rupiah. According to the CoinMarketCap, the exchangeâs total ma rket cap right now is at around $23.4 billion, and the platformâs top cryptos are Storiqa, Bitcoin, and Tokenomy.
TRONâs team shares the excitement
The excitement about the enlistment of TRON is also shared by its founder, Justin Sun, which can be seen in the great number of tweets dedicated to this expansion.
So far, TRX has become a part of 98 exchanges across the globe, and Indodax is only the latest one to accept it. Still, it will not be the last one, and Sun has also mentioned this on his Twitter account, where he hinted at many more partnerships that this crypto is planning to enter in the future.
The enlistment of TRON is seen as a very positive development for Indonesia, especially since the Bank of Indonesiaâs Governor, Agus Martowardojo, announced a total ban on all cryptos back in December 2017. The legislation which was enforced at the time prohibits the use of cryptos as a payment option. However, the legislation does not include a ctivities like crypto mining or trading, which still allows exchanges of this country to continue functioning as usual.
As for TRON, its current price is at $0.059, and it remains the top trading coin in exchanges like Binance, Upbit, and Bithumb. A lot of TRX supporters have also noticed the slight increase in its price recently, as well as the market turning green, which brings high hopes for this, as well as various other cryptos.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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