The Tron Foundation announced on Nov. 2nd that BITEXBOOK cryptocurrency exchange had added TRX on its trading pairs, allowing “TRONICS to reduce effort spent on managing crypto assets.” Tron is growing in popularity and is now supported by at least 33 exchanges since its MainNet launch in June.
BITEXBOOK is part of the StreamCapital Group founded in 2013. The exchange claims that it was created to fill a void in the market stating that:
“The main goal of the BITEXBOOK project is to provide high-tech quality solutions in the cryptocurrency field. The current high interest in cryptocurrency is almost not satisfied with the quality services offered by the existing crypto-exchanges.”
Cryptocurrency exchanges have been under the scrutiny of regulators due to hacks that have resulted in investors losing around $1 billion. To address this situation, the exchange will lock customer funds in “cold wallets without accessing to the internet.” Fiat currencies are then stored and protected by “large European banks.”
The exchange claims to pay high attention to security and implements 3-factor authentication to protect user accounts from unauthorized login.
The exchange supports instant deposits and withdrawals. The exchange’s commission structure starts at 0.1 percent and has “individual approach to traders with large volumes.”
The exchange’s verification is quick and takes 24 hours compared to some exchanges that require up to a week to complete the same process. Users only have to upload their documents on the platform and check back within 24 hours.
Tron is the eleventh largest cryptocurrency by market capitalization and is currently trading at $0.023666, up 3.26% today.
However, the Tron Foundation has been releasing impressive weekly reports in the past two weeks. In the same period, the Huobi Global research insights revealed that Tron’s Telegram channel had been the most active.