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$0.057 per unit, $2.49, 270%, Balloon price, BTT, Discrepency, Exchange, Exchange rate, ftx, FTX Exchange, FTX tweet, HT, JST, justin sun, SUN, Swelling Value, Token rises, tron, Tron founder , trx , TRX exchange rate
TRX USD Price Jumps 270% Higher on FTX After Brokers Trade Tron – Markets & Prices Bitcoin News
On Thursday, at approximately 12:48 PM (ET), the controversial exchange FTX revealed that it has created a special facility with Tron. The agreement allows holders of specific Tron-based coins to withdraw tokens to external wallets at a 1:1 ratio. While coin market aggregation sites say tron lost $0.06 per token on Thursday, tron hit a high of $2.49 per coin against the US dollar on FTX.
Tron exchange rate balloons at FTX after special facilities have been established
Troubled crypto exchange FTX has been the center of much confusion and speculation since the world’s largest crypto exchange Binance announced that it would dump all of its ftx (FTT) tokens. Four days later, FTX International has actually stopped withdrawals and society suspects that the exchange is insolvent.
However, on November 10, 2022, Tron founder Justin Sun so his team worked around the clock to help alleviate the situation with FTX. Sun too noted that he is taking steps to help FTX. Tron’s founder stated:
This is just the first step towards a comprehensive solution being created to revive and return to normalcy for all FTX users. I greatly appreciate the cooperation between [FTX] layer.
Then at 12:48 PM (ET) on Thursday, FTX tweeted that it was brokering a deal with Tron and that users would be allowed to withdraw specific Tron-based tokens.
“We are pleased to announce that we have reached an agreement with Tron to establish a special facility to allow holders of TRX, BTT, JST, SUN and HT to exchange assets from FTX 1:1 to external wallets,” the exchange. explained.
The agreement with Tron is also mentioned on ftx.com, and the site notes that it is not onboarding new customers and withdrawals are currently paused. Users are still trading FTX and tokens TRX, BTT, JST, SUN and HT are seeing a lot of action.
Tron (TRX) reached $2.49 per token on the exchange, according to the online portal’s trading engine. At the time of writing, at 8:00 PM (ET) Thursday, TRX is changing hands for $0.288 per unit on FTX.
While the Tron-based tokens may be a means of withdrawal for FTX users, the deal is not so sweet for people who trade other coins to end up with tron (TRX). For example, $0.288 per unit is 80.20% higher than the current global TRX rate of $0.057 per unit.
The higher TRX goes on FTX, the worse the losses will be for those trying to escape FTX’s clutches in this way. The Tron-based token SUN has also jumped 168.87% higher on FTX, and the coin JST jumped a whopping 1,346.57% in 24 hours on the exchange.
What do you think about the Tron tokens jumping significantly higher in value on the troubled exchange FTX? Let us know what you think about this topic in the comments section below.
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