For a week now TRON has been in the foreground of crypto news, from getting its listing done on various crypto exchange platform across the globe to its partnership with Shift Market. Justin Sun’s recent Tweet,”
#TRON Is Exposed To Forex Market (100 FX brokers) Via Shift Partnership.” voiced Tron’s future perspectives which focuses on the paradigm shift of fiat currencies.
Exposed to Forex market, how?
For years now, the Forex market is considered to be the largest financial market with trillions of transactions done on a daily basis. They are not by a single market exchange, but a global network of computers and brokers from around the world. By far the US dollar is the most traded currency followed by the euro and Japanese currencies.
Shift Forex specializes in helping brokers get started [inception to sale] by providing tools and services required, Shift Markets bills itself as:
‘‘turnkey brokerage package that includes trading technology, liquidity, risk management, compliance, sales and marketing. Clients include start-up, middle market, and established FX, CFD and Cryptocurrency brokerages. The firm’s services span from startup phases to maturation and exit. Established in 2009, Shift’s team of professionals services a global base of clients from its New York City headquarters’’
Shift’s crypto exchange platform offers an unparalleled trading experience coupled with a variety of back-end solutions. It also offers real-time trading of crypto assets with multiple blockchain integrations to facilitate deposits and withdrawals.
It has already launched over 50 crypto exchanges and over 100 brokerages in the FX space. TRON’s new deal with Shift Markets will make the TRX token accessible through the global Forex Trade markets giving it entry into many countries.
Ian McAfee, CEO of Shift Markets was quoted in Business Wire as saying:
“We are excited to bridge the gap between the FX and crypto markets with a popular and exciting project like TRON, the demand from FX has been enormous, and we anticipate more and more crossover between the two markets.”
SirCan84, a Twitter user commented on Justin Sun’s Tweet:
“Lets see what this does… certainly could use the proclaimed outcome”
Kryptohaji, another Twitter user commented:
“Nice Justin… FX market over 5 Billion US Dollar Daily
#tron #justinsun #tronics #tronsr Great step”
TRON currently has a market cap of $3,930 billion with a token price of $0.05.