Tron (TRX) Adds Fiat Pairs With Latest Indacoin Listing
On November 6, 2018, Tron (TRX) was listed on the London-based cryptocurrency exchange, Indacoin.
TRX can now be traded on the platform against five (5) fiat pairs:
- US dollar (USD)
- Euro (EUR)
- Brittish Pound (GBP)
- Australian dollar (AUD)
- Russian ruble (RUB)
TRX introduced to new geographical markets
Now that Tron (TRX) is paired with these fiat currencies on Indacoin, TRX will get the needed exposure in the big Russian and Australian markets, as investors from those countries can now acquire it with their native currency.
Transfers from fiat to crypto on Indacoin are marketed to take only 15-30 minutes, which makes investing in Tron using fiat more simple and quicker than ever before.
Indacoin exchange supports all Visa or Mastercard based credit cards, provided that they have a 3D Secure function authorized for security verification and fraud-prevention.
Tron (TRX) volume surges after listing
It seems that these markets could hardly wait for Tron as, after the listing, the crypto asset experienced a steep surge in daily trading volume. In a matter of days, Tron’s volume jumped 260% from around $50 million to peak around $180 million.
However, as the dust around the new listing settled, so did the daily trading volume. At the time of writing, Tron’s volume was around $58 million, close to the 30-day low.
The spike in volume was accompanied by a short-lived prince increase. TRX hit $0.024896 (382 satoshis) at the height of the market reaction but has since settled around 0.022634 (356 satoshis).
An anti-fraud marketplace with 700 digital assets
As an exchange, Indacoin is said to be built on high anti-fraud foundations, and considering the fact that it offers credit card purchases, this is a very important thing to notice. Indacoin takes a great pride in emphasizing their “cutting-edge technology” which is used to recognize and counter fraudulent attempts occurring on their trading platform.
Their official website also allows users to buy Bitcoin without registration, enabling their clients to remain anonymous while acquiring cryptocurrencies.
The company itself was founded in 2014, and by now, besides its official website, has developed iOS and Android mobile trading apps, through which their clients can trade 700 digital assets.
Tron is still waiting for a breakout
Tron is one of those cryptocurrencies which always gets much exposure across all social media channels. However, until now, that exposure failed to produce expected results.
In line with all of Tron’s listings in 2018, Indacoin was another one that brought a new wave of optimism to TRX investors just to turn out to be another disappointment.
However, Tron was the most mentioned altcoin on Twitter during the mentioned spike in daily trading volume, and its community seems to have retained the positive spirit.
The founder of Tron, Justin Sun, is doing everything he can to promote his project, and many believe that it is just a matter of time (or another bull-run) before TRX makes that long-anticipated trip to the moon.