Featured, International

Reasons Behind Tron’s Growing Popularity, BITEXBOOK Crypto Exchange Latest TRX Supporter

There are a number of reasons behind TRON’s growing popularity and BITEXBOOK crypto exchange has become the latest supporter of TRON coin, TRX. Justin Sun, who serves as the company’s CEO, had started TRON. The company was designed to globally heal the internet by creating a free content entertainment system on the popular blockchain technology. It helps to make the storage, development, payment and credit sharing easy for entertainment enthusiasts. The biggest advantage is that it helps to overcome traditional payment hurdles such as having a bank account in a bank outside an individual’s country.

The TRX cryptocurrency is being used for the service of a distributed economy. TRON has a ‘Smart Contract Protocol’. This protocol allows users to access the features of the crypto easily, apart from storing, publishing and owning data freely. It allows users to decide when, what and how to share it.

On November 2, the Tron Foundation announced that crypto exchange BITEXBOOK has added TRX to its trading pairs. The popularity of Tron has been growing and TRX is presently supported by at least 33 crypto exchanges since its MainNet launch in June this year.

Similar to Bitcoin, TRON authenticates and verifies the transactions done by users using the blockchain technology. The strength of TRX is quite high and the coin is backed by a strong community. TRX’s communications are good and its presence on social media is quite commendable, as reported on ForexNewsNow.

Crypto exchange BITEXBOOK is part of the StreamCapital Group which was founded in 2013. The exchange claims that it was formed with the objective of filling a void in the market. BITEXBOOK pays great attention to security. It has a three-factor authentication in place to prevent unauthorized login to the accounts of users. The exchange supports instant withdrawals and deposits, as reported on Blokt. TRX which is the 11th largest cryptocurrency in terms of market capitalization is presently trading at $0.023483, at press time.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
coinmag

Jesmine Rahman holds 15+ years of professional writing experience of working with reputed Indian dailies like the Times of India and the Indian Express. She also holds a rich experience of working as a Senior Technical Content Specialist with a reputed IT company. for 10 years. She writes crypto news on OWLT Market.

Leave a Comment

Your email address will not be published. Required fields are marked *