By
Chimamanda U. Martha
April 19th, 2024
OXEx announced the launch of TRON (TRX) futures trading scheduled to become available on the exchange platform starting from 8:00 [CET, UTC+1] on May 20.
OXEx, a cryptocurrency exchange platform based in Malta, announced the start of Tron (TRX) futures trading. The official message declares:
“We are pleased to announce that TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC+1).”
It was also stated that the expiry period is set weekly, bi-weekly and quarterly while the possible leverage of futures should not exceed more than 20x. The tool will be based on TRX/BTC trading pair data taken from OKEx, Huobi and Binance exchange.
TRX Promotional Offer
During the initial period, users can take part in the bonus offer. Just to underline, the promotion will be available only for KYC level 2 users, who will be able to deposit TRON into their Futures account. All the participants will be ranked by their TRON net deposit amount in the futures account. First 50 users will share 800,000 TRX and the users under 50 will share 200,000 TRX.
The regulations also say that the net deposit amount must be equal to the difference between the deposit amount and the withdrawal amount. It should also be mentioned that in case of disputes regarding offer terms, the last word remains for cryptocurrency exchange OKEx.
Tron (TRX) is the eleventh largest cryptocurrency on the market. Like all the others it was making efforts to overcome market volatility and the news on the recent development of the ecosystem actually helped the company gain more support.
Justin Sun, the Chief Executive Officer [CEO] of Tron foundation, declared that TRON will push up to 10-15 million transactions by the end of the year. Just to remind, Tron appeared in the recent news for surpassing 100k daily users on its DApps platform, overtaking Ethereum and EOS. DApp platform stated this week:
“This week, Topdapp also announced its support for Tron’s DApps. Currently, users can learn about the latest information on Tron’s quality DApps, DApp game reviews, rankings by different themes, DApp game strategies and so on.”
Meanwhile, at the press moment, Tron price is making $0,028425 USD. Current market cap is $1 895 430 510 USD (239 246 BTC) and the 24-hour trading volume of TRX is at the level of around $690 million USD what shows a growth of about 5.5% over the past day.