Tron, which is currently the tenth largest cryptocurrency by market capitalization in the world, recently made an announcement about beginning trading on Indonesia’s largest cryptocurrency exchange platform, Indodax. The founder and CEO of Tron, Justin Sun confirmed that the company is able to produce Transactions Per Second (TPS) with the speeds of 2000 TPS as of now. The official announcement also informed that the TRX/ Rupiah trading pair is available on Indodax from June 4.
The announcement by Indodax was passed by Finance Magnates, which stated that Tron was chosen to be listed due to the token (TRX) being in the top 50 of CoinMarketCap. “It does not need to go through a community coin voting process. This is consistent with our mission to always add quality digital assets at Indodax.co”, stated the announcement.
Earlier Justin Sun twitted about the listing of Tron on the major Indonesian exchange platform on his official page informing that deposits starts from June 4th 2018 at 8:00 WIB while trading with Rupiah will be available from June 5th 2018 at 15:00 WIB.
The major exchange Indodax was created back in 2013. It was originally known as Bitcoin Indonesia before being renamed to Indodax only last month. Finance Magnates reports that the exchange processes around $20 million in cryptocurrency trading every day. Field experts meanwhile forecast the cryptocurrency exchanger to overtake Indonesia’s primary stock exchange in terms of users by the end of this year.
Republic of Indonesia is a very important market for Tron also due to the number of population in the country which is estimated to be over 261 million people currently. At the same time the use of cryptocurrency is banned in the country yet trading and mining are reportedly still remaining legal.
