Liquidity is an extremely important quality for any asset, be it regular or digital. A liquid asset is cash on hand or an asset that can be readily converted to cash. Being listed on more exchanges increases the liquidity of a digital asset. Tron did exactly that in the last year by listing TRX on a total of 66 exchanges, out of which the largest volume is held by Binance, Rfinex and OKEx. The latest exchange on which TRX will be listed was announced today.
Justin announced that TRX will be listed on Coinsuper, a Hong Kong-based “FIAT-to-Crypto” Exchange founded in 2017. Users will be able to deposit and withdraw TRX on the exchange starting with November 1’st, and exchange TRX/BTC and TRX/ETH starting with November 2’nd.
Coinsuper is committed to crafting a world-class cryptocurrency exchange to drive better participation into the financial world of digital assets. With its reliable, stable and high liquidity, as well as a deep bench of industry specialists, the platform has gained a solid foothold in the ranking of 24 hour trading volume among top 30 on CoinMarketCap.com with over 1 million active users since its launch in February 2017. At the moment, Coinsuper is on the 27’th place in terms of 24 hour volume. Coinsuper has a total volume of $137.4 million in the last 24 hours. The largest volume on the exchange comes from ETH/USD, BCH/USD, BTC/USD and BCH/BTC.
The effects of these TRX listings on exchanges are not seen right now due to the current bear market. As a result, the TRX volume and price remains unaffected. Think of it as a seed, planted in the ground just before winter comes. The seed will remain covered, waiting for the right moment. When spring comes and the snow melts away, the seed will start to grow and be harvested once it reaches maturity. The same thing will happen to TRX in the bull market, yet to come.