Kraken, a U.S. crypto exchange has announced the listing of Tron’s native token, TRX with four trading Pairs initially - i.e TRX/XBT, TRX/ETH, TRX/EUR, and TRX/USD. 

Kraken Crypto Exchange Supports TRX

The news was officially released by Kraken exchange on 5th of March, stating that the exchange will soon open deposits and withdrawals of TRX. As soon as it enables deposits and withdrawals, users can also start trading TRX against the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) alongside two fiat currencies; Euro and US Dollar. 

To begin with, users have to deposit a minimum of 2 TRX and for trading, it is 500 TRX. It was also reported that the exchange will offer TRX support for margin trading. It is currently available at Kraken’s regular platform, Kraken Pro and OTC but there seems to be no plan to add TRX for its futures exchange yet. The news cheered up the TRX community members, in fact, the founder and CEO of Tron blockchain, Justin Sun took to Twitter and shared his excitement, stating; 

“Finally! Now all the TRON hodlers in the United States and Europe can find a great place to trade! My first recommendation for trading $TRX in the United States and Europe is @krakenfx!"

As it has been seen in earlier cases, the price of token tends to increase upon listing by popular crypto exchanges, the value of TRX as well appears promising today. At the time of reporting this, TRX is scoring higher by 3.27 percent within the past 24Hrs. The token is currently valued at $0.018 against USD with its market capitalization counting $1,204,046,800. 

However, it is worth noting that TRX is not the only token which is showing a positive mark today, other leading cryptocurrencies including the crowning crypto Bitcoin is up by 1.13 percent within the past 24Hrs. While BTC is nearing $9000 again, the data provided by Coinspace shows that the Ethereum (ETH), XRP and Bitcoin Cash are also soaring by 0.89 percent, 0.39 percent, and 1.56 percent within the 24Hrs respectively.