In order to allow owners of TRX, BTT, JST, SUN, and HT to remove their assets from the platform, FTX announced on Thursday that it would open a Tron credit facility.
FTX confirmed to allow holders of “Justin Sun” coins (TRX, BTT, JST, SUN, and HT) to swap 1:1 for their respective assets outside of the exchange, starting from 06:30 PM November 10. Initially, the Tron team will transfer $13 million into the exchange to support swaps, further injections will be announced weekly.
The change occurred after Justin Sun, the creator of the Tron cryptocurrency network, openly entered the ongoing drama on Wednesday night.
While it’s been reported that FTX resumed client withdrawals on Thursday, the exchange has been in problems this week and continues to cause tremors across the cryptocurrency community as experts try to determine which organizations are exposed to it.
According to Reuters, Justin Sun is said to be in discussions with Sam Bankman-Fried to save the struggling exchange FTX next week.
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
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Harold
CoinCu News
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FTX Fulfills Tron Founder’s Promise
In order to allow owners of TRX, BTT, JST, SUN, and HT to remove their assets from the platform, FTX announced on Thursday that it would open a Tron credit facility.
FTX confirmed to allow holders of “Justin Sun” coins (TRX, BTT, JST, SUN, and HT) to swap 1:1 for their respective assets outside of the exchange, starting from 06:30 PM November 10. Initially, the Tron team will transfer $13 million into the exchange to support swaps, further injections will be announced weekly.
The change occurred after Justin Sun, the creator of the Tron cryptocurrency network, openly entered the ongoing drama on Wednesday night.
While it’s been reported that FTX resumed client withdrawals on Thursday, the exchange has been in problems this week and continues to cause tremors across the cryptocurrency community as experts try to determine which organizations are exposed to it.
According to Reuters, Justin Sun is said to be in discussions with Sam Bankman-Fried to save the struggling exchange FTX next week.
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
Website: coincu.com
Harold
CoinCu News
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