OKEx, a leading cryptocurrency exchange based in Malta, has announced the launch of Tron (TRX) futures trading. According to the official statement:
"We are pleased to announce that TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC+1)."
Key Features of TRX Futures Trading
The new futures trading option offers:
- Weekly, bi-weekly, and quarterly expiry periods
- Maximum leverage of 20x
- Pricing based on TRX/BTC trading pair data from OKEx, Huobi, and Binance
TRX Promotional Offer Details
During the initial launch period, OKEx is running a special promotion for KYC Level 2 verified users:
- Users can deposit TRX into their Futures account
- Participants will be ranked by their net TRX deposit amount
- Top 50 users share 800,000 TRX
- Users ranked below 50 share 200,000 TRX
Important Notes:
- Net deposit amount = (deposit amount - withdrawal amount)
- OKEx reserves final decision rights regarding any disputes
Tron Market Performance Update
At the time of writing:
- TRX price: $0.028425 USD
- Market capitalization: $1,895,430,510 USD
- 24-hour trading volume: ~$690 million USD
- 24-hour price change: +5.5%
Tron Ecosystem Developments
The Tron Foundation continues to make significant progress:
- CEO Justin Sun projects 10-15 million daily transactions by year-end
- Tron's DApp platform recently surpassed 100,000 daily users
- Topdapp now supports Tron's DApps, providing rankings, reviews, and strategies
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Frequently Asked Questions
What is TRX futures trading?
TRX futures allow traders to speculate on Tron's future price movements with leverage up to 20x.
Who can participate in the OKEx promotion?
Only KYC Level 2 verified users can join the TRX deposit promotion.
When does the TRX futures trading begin?
Trading starts at 08:00 CET on May 20, 2019.
How is the futures price determined?
Prices are based on TRX/BTC trading pair data from OKEx, Huobi, and Binance.
What are Tron's current market statistics?
As of publication, TRX has a market cap of ~$1.9 billion and trades at $0.0284.