Home / Cryptocurrency News / Gate.io Set for Tron’s Mainnet Migration

Gate.io Set for Tron’s Mainnet Migration

As the launch of Justin Sun-led Tron’s mainnet is approaching, the cryptocurrency exchange Gate.io has announced the suspension of withdrawal and deposit of Tron’s native token – TRX – from 25th June.

The exchange further detailed that asset swap will be done at a ratio of 1:1 for all TRX token holders.

Time to buy the dip?

The anticipation of Tron’s 25th June mainnet activation among the community has significantly affected the market as TRX token is maintaining a bullish momentum in a downward inclined market. The coin appreciated 1.5 percent in last 24 hours, while in the same period the entire market capitalization went down by more than 10 percent, as per coinmarketcap.com. On the weekly chart, Tron appreciated is 12.4 percent, a massive figure compared to Bitcoin’s 1.8 percent.

Suggested articles

5 Quick Steps to Boost Your Sensitive Data ProtectionGo to article >>

Expanding support

Gate.io has also migrated ERC20 EOS token to the mainnet assets amid the launch of its mainnet a week ago. After EOS withdrawal and deposit freeze on 12th June, the exchange resumed the services today. It also participated in EOS’s mainnet activation voting process as it holds 2 to 3 percent of all circulating EOS tokens.

Moreover, EOS is one of the leading assets of the exchange as it registers around 15 percent of its trading volume from EOS trades – more than 12.5 percent in last 24 hours. TRX also holds a substantial amount with more than 3 percent in last 24 hours.

Gate.io is Cayman Island-registered exchange and provides more than 300 trading pair options to its customers. Most of the coins are listed against USDT. However, it also provides options against BTC and ETH and a hand-full against QTUM.

Source link

About admin

Check Also

ConsenSys-Backed Rhombus Reveals New Products for Ethereum Developers

Rhombus has released new products designed to help further connect decentralized, ethereum-based blockchain applications to real-world …

Leave a Reply

Your email address will not be published.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

%d bloggers like this: