Tron Extends European Exposure as Blockport Adds TRX/EUR Pair

Tron (TRX) gained another TRX/EUR pairing this week, with the integration of the coin onto the Blockport cryptocurrency exchange, based in Amsterdam, Netherlands.

Tron has cut a path through Europe in recent months, first gaining TRX/EUR and TRX/PLN (Polish złoty) pairs with its BitBay listing in September.

Then in early October Bitfinex added a trio of TRX/FIAT pairs, including GBP and EUR. This was followed up in early November with the Indacoin listing which saw TRX paired with USD, EUR, GBP, AUD, and RUB.

TRX Marches Through Europe

That trend continued this week when Netherlands-based crypto exchange, Blockport, added a TRX/EUR pair to its platform. The listing comes amid a busy week for Blockport, after listing both IOTA (MIOTA) and NEO (NEO) earlier in the week.

According to Blockport’s official announcement:

“In keeping the momentum high after last week’s listings of both IOTA and NEO, the Blockport team is excited to officially be listing TRX (Tron) today. By means of this listing, Blockport users will be able to buy and sell TRX, one of the world’s leading cryptocurrencies, through our euro gateway.”

By Monday, four days after the trading pair officially went live, Blockport’s TRX/EUR had accumulated just over $300 worth of trades. That’s more than the $1 worth of trades on the TRX/USD pair, but barely registers as a percentage out of the day’s +$50 million daily volume.

That may suggest that TRX hasn’t gained traction in Europe yet, and it’s also true that the recent Euro-based fiat pairings mentioned above have failed to return any significant volume. Yet, Blockport appear to be responding to some European demand, as they said:

“Of equal importance is that Tron’s European community will now have direct access to the TRX token through our user-friendly exchange and trading platform.”

Of all of Tron’s recent pairings, it’s actually the TRX/RUB (Russian ruble) pair which has brought in the most volume, although even that only amounts to around $70,000 worth.

TRX/USD

Meanwhile, on the Western front, the value of TRX has been somewhat inert of late. Despite a huge, headline-grabbing surge from September through October, TRX is now at break even or worse for the previous week, month and quarter.

From Sunday through Monday alone, TRX fell 3.1%, as the coin price descended from $0.022934 to a weekly low of $0.022222.

The bulk of TRX’s movements were maneuvered by Tether (USDT) trades. The first four most popular trades were all TRX/USDT, while the same pair popped up five times out of the eight most concentrated trades for the day.

Either way, TRX is suddenly finding it harder to trigger the same spikes it experienced in the previous quarter, despite a seemingly constant stream of developments, and more fiat pairs.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Author:
Greg Thomson is a freelance writer who contributes to leading cryptocurrency and blockchain publications like CCN, Hacked, and others.