Since June 5th TRX could be traded on Indonesia’s largest crypto exchange Indotrax where almost 1.3 million members buy and sell cryptocurrencies with Rupiah.
The Bank Of Indonesia does not recognise cryptocurrencies as a valid payment method. However, just this week, Indonesia’s Trade Ministry Futures Exchange Supervisory Board (BAPPEBTI) announced that cryptocurrencies are to be treated as commodities and that they that are going to be used for trade on the country’s stock exchange.
Justin Sun (Founder & CEO of the Tron Foundation) tweeted back in April that after an initial expansion in Korea they had plans to expand all over Southeast Asia.
From June 6th TRX was listed on CoinEx. Founded in 2017 CoinEx is a global coin exchange service provider (supporting multiple languages and providing global trading services in nearly 100 countries/regions).
About TRON
The Tron Protocol is pitched as “one of the largest blockchain-based operating systems in the world, offering scalable, high availability and high throughput support that underlies all the decentralised applications in the TRON ecosystem”.
An ICO campaign took place in September 2017 and raised US$70 million. The coin is called the Tronix (TRX).
Our latest Top 10 cryptocurrencies by market capitalisation (dated June 3rd) saw TRX drop from last month’s number six spot to number ten.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.