- ABCC is the first exchange to list Tron’s standard TRC-10 tokens
- OKCoin exchange also adds TRX and has given a green-light to authorized OKCoin users to start trading TRX
- Nitron Summit 2019 is Tron’s First International Summit
On January 15, 2019, both ABCC and OKCoin crypto-exchanges listed TRX ahead of the niTROn Summit 2019 that is set to happen in San Francisco.
ABCC Exchange Announcement
ABCC crypto exchange announced its partnership with Tron Foundation as the first exchange to include Tron’s TRC10 tokens. This was confirmed in a subsequent tweet from Justin Sun, the founder and CEO of Tron platform.
We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens – We are one of the top exchanges with great security and user interface. Stay tuned!
#Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn
— ABCC Exchange (@ABCC_Exchange) January 15, 2019
The price of Tron’s token (Tronix – TRX) has been rising rapidly in the past few days, something that might have attributed to ABCC Exchange to work on listing Tron’s standards TRC-20 and TRC-10 tokens as posted a few days back in a tweet.
Details of the TRC-10 and TRC-20 standards
The TRC-10 is a technical standard issued for tokens supported by Tron’s native blockchain which doesn’t require the deployment of the Tron Virtual Machine (TVM). The TRC-20, on the other hand, is a technical standard programmed for smart contracts in the Tron blockchain to implement tokens using the TVM. The TRC-20 standard is compatible with Ethereum’s (ETH) standard tokens, ERC-20.
OKCoin Exchange Announcement
Meanwhile, according to a Medium article published on Jan 15th, it also came to light that OKCoin exchange has listed th TRX token. Trading futures of TRX against BTC, ETH and USD will be available from January 17, 2019.
having made sure that Tron is not a security was not enough to list TRX in their exchange but instead, it’s because the token is exciting and in demand, says Tim Byun, the CEO of OKCoin.
“First thing we do, we have to abide by regulations in the US. We are a money service business. We’re operating out of the US. We’re serving US customers. So from a regulatory perspective, that’s the clearest step one to take, so we spend a lot of effort on our compliance team and our legal team to ensure that whatever we list is not a security. We do not have an ATS or a broker-dealer license, so we cannot facilitate the trading of securities. We made sure that TRX is used today as a utility. That there is a use case, that it passes the Howey Test, kind of laid out by the prior rulings of an SEC case, that’s the best we have.”
Byun also reiterated that since Tron is having a big conference this week, now was the right time for them to list TRX.
The Nitron Summit 2019 is Tron’s First International Summit, that is set to be hosted on Jan 17, 2019 – Jan 18, 2019, in San Francisco, the hub of tech. The conference will feature experts who will give more insight into blockchain technology to entrepreneurs and investors by breaking down the barriers in the crypto-world thus foster innovations beneficial in the blockchain industry.