Last Updated on April 12, 2023 by Bitfinsider
Tron creator Justin Sun told Bitfinsider that the United States’ proposal to delist the Tron token next week will have no effect on its market.
“I’d want to emphasize that Binance has had a pretty minor influence on the TRX market.”
“TRX’s current overall trading volume is around $400 million per day,” Sun stated, adding, “US trading volume is less than $2 million per day.””
Binance.US said late Monday that TRX will be delisted on April 18 after a review to guarantee that available coins “meet the standard of excellence we demand.” The exchange did not give a particular explanation for the delisting, but stated that several variables, such as trade volume, liquidity, and regulatory status in the United States, influence such choices.
The Securities and Exchange Commission of the United States sued Tron and Sun last month for promoting and selling two unregistered crypto currencies — TRX and BitTorrent’s BTT. The regulator also accused them of manipulating TRX prices between April 2018 and February 2019.
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