TRON [TRX] – A few days ago the TRON Foundation announced its partnership with Shift Markets.
— Shift Markets (@shiftmarkets) June 4, 2018
Shift was established in 2009 and provides a ‘turnkey’ brokerage package that includes trading technology, compliance, risk management, and sales and marketing. The clients in Shift include start-up, middle market, and established FX, CFD, and cryptocurrency brokerages. Shift has been aiding the launch in over 100 FX brokers and 50 cryptocurrency exchanges within the last ten years.
Tron partnered with Swift to put TRX on largest currency markets in the world. Due to the partnership, TRX is now offered on nine brokers spread across nine countries, and Swift is consistently growing.
Justin Sun, Tron’s Founder, said:
“TRON’s partnership with Shift Markets marks a major expansion in the availability of TRX and fiat trading. We are proud to play a prominent role in joining cryptocurrency and FX markets across the globe.”
With this new alliance, TRX will be bridging the gap between fiat currencies and cryptocurrencies. This will not only bring growth to the cryptocurrency market but the traditional Forex markets that deal with global currencies.
CEO of Shift Markets, Ian McAfee, said:
“We are excited to bridge the gap between the FX and crypto markets with a popular and exciting project like TRON. The demand from FX has been enormous, and we anticipate more and more crossover between the two markets.”
TRX Turning Point?
While this announcement has yet to positively influence the price of TRX, it is unsurprising as the launch of its main net didn’t do so either. Tron has completely broken away from the Ethereum platform and will be migrating its tokens in a few weeks time.
Currently, TRX is still an ERC20 token, but after all necessary tests are done on the TRON main net, exchanges will start switching them over.
At press time, TRX is trading at $0.0595 a coin, down –0.27%, in 24 hours.
Featured Image: Crypto