TRON has been in the limelight within the crypto arena in the past month following its Virtual machine launch on the mainnet expected on August 30th. The crypto project continues to enjoy an appreciating fundamental value especially with the news that the TRX coin will be added to BITBOX. This crypto exchange is a subsidiary launched by LINE Corporation, a mobile-oriented global platform.
LINE, is among the best performing platforms when it comes to sending messages as of press date. The network connects over 200 participants from all parts of the world. BITBOX aims to provide a managing platform for the growing crypto markets and ensure security in transactions.
The BITBOX crypto exchange is based in a pioneer tech savvy country, Singapore where its parent company ‘LINE’ is registered as a corporation. LINE’s intention with the BITBOX project is to scale the investment options for the fast-growing financial market using fin-tech to stay ahead of the game!
Youngsu Ko, CEO of Tech Plus, the subsidiary in charge of BITBOX operations has projected a strong optimism in this mile,
“Integrating TRON (TRX) with BITBOX will enable us to connect with the world’s fastest-growing blockchain project. TRON has a solid tech platform, especially now it has joined forces with BitTorrent. We look forward to building a strategic partnership with TRON and offering our users the best experience available in the cryptocurrency space.”
TRON as well stands to benefit greatly from this listing. BITBOX’s customer-oriented approach, security levels and its transparent nature makes the platform a catch for many crypto enthusiasts. At the moment, BITBOX offers its services within a range of 15 languages in various jurisdictions. The only giant economies the platform is yet to venture are the United States and Japan, a factor that may change soon with the focus on crypto regulation right now.
TRON’s has remained true to its vision of building a decentralized network as is the crypto concept. The blockchain released its mainnet testnet during Q1 of 2018 and later launched it in May turning out a success. Later in June, TRON made its network independent and the community is now looking forward to the virtual machine launch. TRX boats of a solid 100 million and over user base, a factor that may have been accelerated by TRON’s BitTorrent acquisition. Justin Sun, CEO and TRX founder has said the team looks forward to working with LINE Corporation,
“We are very excited to partner with LINE on their launch into the cryptocurrency space. We will use our expertise in the industry to help LINE provide fast and secure cutting-edge crypto exchange services. By joining this vibrant project, we aim to reach a broader audience, extend our services to mobile, and connect the dots with our other products, which have more than 100M+ users (e.g. BitTorrent, Peiwo). We are looking forward to working further with LINE on more product integration.”
However, it would still be early to comment on the full impact of this news. TRX price has improved by 18% in the past week thanks to its volatile nature hence 16% volatility according to coincheckup.