Both Changelly and HitBTC, two hugely popular cryptocurrency exchanges with support for hundreds of virtual assets, have added the new Tron side project, BitTorrent Token (BTT), to their growing lists.
BitTorrent Token was created as a means to tokenize transactions on the world largest file sharing service, BitTorrent. The service was purchased by Tron in July last year for reportedly $126 million in ‘cash’, although the exact amount was not disclosed. At the time of the purchase, Tron founder Justin Sun claimed the acquisition made Tron the “largest decentralized Internet ecosystem in the world.”
Commonly, exchange listings help to drive up the value of assets but the price of the BTT token hasn’t seen any significant upward movement since the listings. Since its initial coin offering (ICO), BTT has been listed on Binance, Gate.io and OKEx – all of which helped it grow in value by 600 percent. BTT is currently trading down -1 percent over the past 24 hours at $0.000952. The token is still very new in the crypto space and for its true potential to be realized it will need to be both adopted and seen to have a real-life use case by BitTorrent’s 100 million+ active users.
— BitTorrent Inc. (@BitTorrent) February 15, 2019
HitBTC is the leading cryptocurrency exchange in Europe and provides service to individuals, merchants, and large financial institutions throughout the world. It has added trading pairs for BTT with Bitcoin (BTC), Tether (USDT) and Ethereum (ETH).
Founded in 2013, Changelly is one of the longest-running exchanges in the cryptocurrency industry and has a long been a leader in providing exchange services to businesses and individuals alike. Its algorithms are used by some of the sector’s largest trading platforms, including Binance, Bittrex, and HitBTC.