Bitfinex, which is a major cryptocurrency exchange and digital asset trading platform recently announced Tron fiat expansion. Official information shared on company Twitter page confirmed that the platform now added fiat trading pairs with TRX.
Tron (TRX) got an official listing on the platform only earlier this year. As of now the digital currency will be possible to trade against supported fiat currencies. The list includes Japanese Yen (JPY), British Pound (GBP) and Euros (EUR).
The original message by company reads: “we’re pleased to announce the addition of JPY, GBP and EUR pairs to TRX. With addition of above fiat markets, it’s our continued aim to improve digital asset market liquidity and stability”. Tron Foundation later on also shared this message on its official page.
The announcement also went on explaining the significance of the new development. “This is comprehensive expansion of our product offering to accommodate for growing global trading market and increase engagement with a number of international monetary markets”, explained the message.
Further on, the announcement also provided general overview on Tron highlighting key features of the company. According to the message Tron “strives to construct a global free content entertainment system utilizing blockchain technology to allow each user to freely publish, store and own data. Tron lays the foundation for distribution and subscription of content, empowering content creators and forming decentralized content entertainment ecosystem”.
Finally Bitfinex also provided the official link on which users will be able to trade Tron against listed currencies on their platform. The announcement confirmed that trading can now be available to perform to all the users.
Significance for Tron
This is an important development for Tron considering the new potential markets that may become available for the company. Tron had earlier confirmed that one of their key objectives is to make TRX available to as many different markets as possible.