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Singapore-based KuCoin enables support for BTT/USDT trading pair

Shirly McCoy

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Source: Pixabay

Justin Sun’s Tron Foundation is almost always in the news for the host of developments in its ecosystem. These developments, most of which are first announced on Twitter, are usually well received by the very active Tron community.

Despite its late entry into the world of cryptocurrencies, Tron’s BitTorrent token (BTT)  has made great progress. In a recent update, a new trading pair for BTT, BTT/USDT has been made available on the Singapore-based cryptocurrency exchange, KuCoin.

Justin Sun, CEO of the Tron Foundation, was the first to announce it on Twitter to his 1.5 million followers. His tweet read,

The tweet added that users would be able to access and trade in the latest pair from August 6, 16:00 (UTC+8).

According to CoinMarketCap, BTT was priced at $0.0007, with a market capitalization of $161 million. At press time, the 24-hour price change indicated a 0.66% surge and the 24-hour trading volume of the coin was $41 million. Most of the trading volume of the coin came from Binance via the trading pair BTT/USDT. KuCoin’s addition of the same pair is set to accelerate BTT’s trading volume, while also capitalization on USDT’s own surging popularity.

A few months ago, Justin Sun had famously promised that BitTorrent token would storm into the world’s top 30 digital tokens by July. However, that was not to be. Instead, BTT was ranked 33rd on CoinMarketCap.

Shirly is a full-time member of the Editorial team of AMBCrypto. She is a Finance major and understands that blockchain is the key to a decentralized and equal market. Her previous work can be found on Medium, Blogger and Steemit. She held value in Bitcoin and Ether prior to being a writer here to "understand the FOMO" in the retail cryptocurrency space. Shirly is available at [email protected]