Binance.US Delist TRX: Tron Founder Remains Confident With $400 Million Volume Per Day

Key Points:

• Tron’s founder expressed confidence that the move won’t affect the coin’s market much since TRX’s current total trading volume is about $400 million per day, while Binance.US trading volume is less than $2 million per day.
• Despite the potential impact on TRX’s market, Tron is still “actively in communication” with the exchange “to understand the reason for delisting and see how we can relist it,” Sun said.

Binance.US will delist TRX, a popular cryptocurrency token from Tron, on April 18, but Tron’s founder expressed confidence that the move won’t affect the coin’s market much.

Binance.US has recently announced its plan to delist TRX, a popular cryptocurrency token from Tron, on April 18. The decision followed a review by the exchange to ensure that available tokens “meet the standard of excellence we expect.”

Despite the announcement and its potential impact on the cryptocurrency market, Tron founder Justin Sun has expressed his confidence that the move won’t affect the coin’s market much. In a statement to The Block, he stated that “TRX’s current total trading volume is about $400 million per day,” while Binance.US trading volume is less than $2 million per day.

However, the announcement comes just a month after the U.S. Securities and Exchange Commission (SEC) sued Tron and Sun for offering and selling two unregistered crypto tokens – TRX and BitTorrent’s BTT. The regulator also alleged that they manipulated the prices of TRX between April 2018 and February 2019. Sun, at the time, tweeted that the suit “lacks merit.”

Despite the potential impact on TRX’s market, Tron is still “actively in communication” with the exchange “to understand the reason for delisting and see how we can relist it,” Sun said. It is unclear whether Binance will follow the move by its American affiliate.

TRX is currently trading at around $0.064, down 5% on the day on the Binance.US news. The coin, the sixteenth largest by market capitalization, has one of the highest volumes on Binance, the world’s largest crypto exchange.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News