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TRX US Dollar Exchange Rate Up 270% On FTX After Exchange Broker Trades Tron – Markets & Prices Bitcoin News

Around 12:48 pm ET on Thursday, beleaguered exchange FTX revealed that it had created a special facility using Tron. The deal will allow certain his Tron-based coin holders to withdraw their tokens to external wallets in his 1:1 ratio. While Tron hit a high of $0.06 per token on Thursday, Tron hit a high of $2.49 per coin against the US dollar on his FTX, according to the coin market aggregation site.

FTX’s Tron exchange rate balloon after a special facility was established

Troubled crypto exchange FTX has been the subject of much confusion and speculation since the world’s largest crypto exchange Binance said it would sell all ftx (FTT) tokens. Four days later, FTX International has effectively suspended withdrawals and the community suspects the exchange to be insolvent.

But on November 10, 2022, Tron founder Justin Sun Said His team was working around the clock to ease the FTX situation.the sun too It pointed out That he is taking steps to help FTX. The founder of TRON said:

This is just the first step towards a holistic solution being created to revive all FTX users and get them back to normal.I am very grateful for the collaboration between [FTX] team.

Later, at 12:48 PM ET on Thursday, FTX brokered a transaction with Tron, tweeting that users could withdraw specific Tron-based tokens.

“We are pleased to announce that we have reached an agreement with Tron to establish a special feature that will allow holders of TRX, BTT, JST, SUN and HT to exchange their assets from FTX 1:1 to external wallets. I am happy.” explained.

Tron's USD exchange rate rises 285% on FTX after exchange brokers deal with Tron
TRX/USDT 30 minute chart by FTX on November 10, 2022 at 8:08 PM ET. TRX currently trades hands at 0.258 USDT or 0.288 nominal USD per unit, depending on the trading pair. At the time of writing, the actual exchange rate for tron ​​is $0.057 per unit on all other exchanges.

The deal with Tron is also listed on ftx.com, and the website says it is not accepting new customers and that withdrawals are currently suspended. Users are still trading on FTX, and tokens TRX, BTT, JST, SUN, and HT are seeing a lot of action.

According to the web portal’s trading engine, Tron (TRX) hit $2.49 per token on exchanges. As of this writing, at 8pm ET on Thursday, TRX is trading hands on his FTX for $0.288 per unit.

Tron-based tokens may be a withdrawal vehicle for FTX users, but for those who trade other coins and end with Tron (TRX), the deal is less sweet. For example, $0.288 per unit. is 80.20% higher than the current global TRX exchange rate of $0.057 per unit.

The higher FTX’s TRX, the worse the loss for anyone trying to escape FTX’s clutches in this way. Tron-based token SUN also rose 168.87% on FTX, while coin JST rose a whopping 1,346.57% in 24 hours on exchanges.

Tags for this story

$0.057 per unit, $2.49, 270%, Ballooned Price, BTT, Discrepency, Exchange, Exchange rate, ftx, FTX Exchange, FTX tweet, HT, JST, justin sun, SUN, Swelling Value, token rise, tron, Tron Founder, trx , TRX exchange rate

What do you think about the massive increase in the value of the Tron token on the troubled exchange FTX? Let us know your thoughts on the matter in the comments section below.

Jamie Redman

Jamie Redman is a news lead for Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols currently emerging.

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TRX US Dollar Exchange Rate Up 270% On FTX After Exchange Broker Trades Tron – Markets & Prices Bitcoin News

Source link TRX US Dollar Exchange Rate Up 270% On FTX After Exchange Broker Trades Tron – Markets & Prices Bitcoin News

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