Huobi wallet has announced today that it will now support Tron [TRX], according to a tweet. The listing failed to drive a positive market sentiment for the cryptocurrency as the overall market is under a bear storm. Most cryptocurrencies are exhibiting double-digit losses and the overall cryptocurrency market cap has plummeted over $20 billion.
TRX is currently trading at $0.013 and is dipping against TRX by 19.43% with a market cap of $902 million.
Huobi wallet, a cryptocurrency wallet from Huobi group, supports up to seven blockchains and all the ERC 20 tokens. The multi-chain light wallet has integrated with Changelly’s exchange tool to enable token to token transfers using the wallet interface. The wallet lets users exchange all their crypto assets within one wallet. Apart from stablecoins, TRX and EOS, the wallet supports Bitcoin [BTC], Bitcoin Cash [BCH], Tether [USDT], Ethereum [ETH], Ethereum Classic [ETC], and Litecoin [LTC].
The wallet recently listed EOS in early November. The multi-chain light wallet also added support to seven stablecoins including True USD (TUSD), Dai (DAI), Paxos Standard Token (PAX), STASIS EURS (EURS), Gemini Dollar (GUSD), and USD//Coin (USDC). The listing made it the first wallet to list all the seven stablecoins that existed in the market. Huobi has launched its own stablecoin HUSD which allows the support of other stablecoins including PAXOS, GUSD, TUSD, and USDC. Huobi also said that they will be expanding their services to Africa, the Middle East, and Asia. The beta version of the platform is up and supports OTC and token to token trading.
TRON – a trail of success
Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).
Tron’s clearly outlined long-term vision with date-tagged milestones, and the increasing popularity of digital content with the promise of lower costs makes it a promising endeavor in the blockchain space. Its prospects are also boosted by a solid backing of rich and established Chinese investors.