Tron (TRX) Development Continues with Return to Binance-Owned Trust Wallet

Tron (TRX) will once again be supported on the Trust mobile cryptocurrency wallet, following October 26th’s announcement by the Trust wallet team.

Tron (TRX) was previously supported on the wallet – back when Trust supported only ERC-standard tokens. That was also before Tron’s migration off the Ethereum network and onto its own blockchain.

In the intervening months, the Trust wallet was acquired by the Binance team, who have since begun to expand its capacity to hold various cryptocurrencies outwith the ERC-standard.

Tron (TRX) Gains Trust

As per Friday’s official announcement by the Trust team:

“Today we are proud to announce our integrations with TRON(TRX). All Trust users will now have access to TRX coin in the multi-coin wallet — on iOS and Android — and we are very excited to welcome new users into the Trust family.”

This makes TRX the eighth mainchain cryptocurrency to gain a listing on the wallet. As it stands, Trust can currently hold Ethereum (ETH), Ethereum Classic (ETC), GoChain (GO), POA Network (POA), Callisto (CLO), Wanchain (WAN), VeChain (VET), and now the mainnet version of Tron (TRX).

That’s in addition to all of the ERC-20, ERC-223 and ERC-721 tokens currently in existence. The team have already announced their intentions to add support for Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BCH) by the end of the year.

You Scratch My Back…

When the Tron Foundation team took to Twitter this morning to celebrate the news, a very interesting tweet popped up from founder and CEO of Binance, CZ (Changpeng Zhao). CZ tweeted to the Tron team:

“Good things happen to people who wants (sic) to do good.”

One assumes this refers to the recent $3 million donation made by Justin Sun to the Binance charity drive which CZ recently launched, as covered in Forbes.

That tweet alone might result in far more donations making their way to the Binance Charity Foundation. It also brings to mind the recent tête-à-tête between the Binance team and the DigiByte (DGB) team, which appeared to rest on how much money DigiByte were willing to part with to gain a listing on the Binance exchange.

TRX/USD Update

TRX’s value has been slipping in recent weeks, along with most of the coins which experienced surges earlier in the month. That includes Stellar (XLM) and Cardano (ADA), and shows that despite a host of recent developments, the market tends to correct for those who break out too soon.

Friday night did see a short spike to the tune of 2.8% for TRX, however those gains levelled off and the coin was fairly stable throughout the evening and following morning. The long drops shown on the coin’s chart presumably refer to volume updates being applied to the CoinMarketCap platform.

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.