Bitfinex adds Tron stable coin to exchange, among other additions

15 Apr, 2019
by Ryan Boltman
Bitfinex adds Tron stable coin to exchange, among other additions

Bitfinex cryptocurrency exchange has announced that it will be adding the new Tron stable coin to their product offering, as well as adding several new trading pairs to spot and margin trading. The exchange has also removed their equity limit for traders.

Bitfinex has announced that it will be adding support for the TRON stable coin. The TRON stable coin is backed by the popular stable coin Tether. Tron partnered with Tether because of its popularity as the most widely used stable coin in the industry currently.

TRON will now have its own stable coin linked to the TRON ecosystem. The TRC-20 token will be a TRON-based tether token, allowing for fiat backed movement of tokens across the TRON blockchain.

Bitfinex commented on the announcement to add the TRON stable coin, saying "The addition of Tether-based TRON is another example of Bitfinexs blockchain-agnostic ethos guaranteeing flexibility and choice for its traders. In addition to TRON-based Tether, Bitfinex also provides a platform of support for OMNI and Ethereum based Tether."

Read more: You can now use TRX to book reservations in 550,000 hotels worldwide 

The announcement to add TRON-USDT comes days before the exchange added BTC/USDt and ETH/USDt margin trading pairs as well as LTC,EOS, and BAB/USDt spot trading pairs.

The exchange also recently removed their minimum $10,000 equity required balance to trade on the exchange.

 Read more: Bitfinex removes $10,000 minimum equity requirement

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  


Does the industry really need a Tron stable coin?

(23 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage