The prominent crypto exchange OKCoin recently announced the addition of TRX, the native cryptocurrency of TRON, to its listings.
According to a press release shared with Distributed, “authorized OKCoin customers can acquire TRX by depositing US dollars or Argentine pesos, and starting on January 17th they’ll be able to trade TRX for cryptocurrencies including Bitcoin, Ethereum, XRP, Cardano, Lumens, Zcash, 0x and others.”
The choice to only offer TRX trades for Argentine pesos as the only other accepted fiat aside from the dollar may seem strange, but it is part of OKCoin’s recent strategy to gain popularity in Latin America.
The addition of TRX to OKCoin could be a significant shake-up in the crypto industry as TRON gains momentum. With 66 billion TRX tokens in circulation and a $1.66 billion market cap, “TRX’s recent surge enabled it to crack the Top 10 among all crypto tokens by market capitalization,” per a recent Medium post.
However, the project has not been without controversy. Perhaps most notably, TRON’s white paper apparently plagiarized others’.
Justin Sun, founder of the TRON Foundation, recently stated that TRX is set to be a privacy coin in the near future. The press release also claims that “TRX-based operating systems already have an extremely high throughput capable of supporting 2,000 transactions per second, and the coin is scalable to support high volumes of users.”
It seems as if the real test of this throughput and scalability will be coming fairly soon, considering the volume of trade that OKCoin is able to process on a regular basis. A high-profile exchange listing such as this could be a boost to TRX and TRON as a whole.