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Binance will support Tron (TRX) mainnet swap, also adds TRX/USD trading

gold tron coin

Crypto exchange Binance has announced that not only will it be supporting the TRX mainnet swap, it will also be adding the facility to trade TRX against the US dollar.

In a statement released this afternoon, Binance, one of the biggest exchanges in the world by trading volume, said that Tron (TRX) withdrawals would be suspended from midnight (UTC) on the 24th June. The exchange will “handle all technical requirements” for converting the deposits of ERC-20 TRX tokens into TRX for the new Mainnet.

Binance notes that even if you do not get your TRX tokens to the exchange before the launch of the Mainnet, they “will continue to complete the token swap for you” at a later date.

TRON Migration Roadmap

The TRON foundation had previously informed its community that token migration from ERC20 TRX to Mainnet TRX will happen between June 21st and June 25th. The foundation noted that if your tokens are held on an exchange “no action is required” as the exchange will perform the necessary conversion.

If, on the other hand, you hold TRX in a wallet, you should ensure that you deposit it with a participating exchange (for example, Binance, Upbit or CoinTiger) before June 24th “to avoid any losses.

TRX exchange withdrawals will start to be suspended from June 21st with deposits also suspended on the 25th. Should you miss the conversion by keeping your TRX tokens in a wallet, you will be able to make the exchange later.

Binance adds TRX/USD

Binance has also announced that as of today at 11.30am (UTC) it will be opening up the option to trade TRX against the US dollar.

A delighted Justin Sun, TRON’s founder, wished his followers “happy trading!” as he shared the news.

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