Justin Sun, founder and CEO of TRON, is working hard to get the blockchain technology company's cryptocurrency, TRX, on the American version of Binance. Sun also said users should expect to see TRX should be on more U.S. exchanges by year's end. He has an entire team dedicated to the matter. The question came about when people saw the recent announcement by Binance, which listed 30 digital assets under consideration for trading on the company's new U.S. regulatory-compliant exchange, and TRX was not on the list. In the first week of August, TRX was the second most mentioned cryptocurrency on Twitter, beaten only by BTC.
Earlier this year, Sun announced he would deposit $40M USDT to replace what Binance lost in a hack. Traders wouldn't have absorbed the loss as Binance had insurance. When Sun made his announcement on Twitter, Binance tweeted back that there was no need. USDT is a tether-issued, USD-pegged stablecoin.
In 2018, TRON bought file sharing service BitTorrent for $126 million. Sun used Binance Launchpad to launch his company's BitTorrent token (BTT). The token allows content creators to earn money from their audience. Tron does not take a percentage of the transactions.
Sun has been in the news quite a bit lately. The 28-year-old Chinese entrepreneur bid $4.57 million to have lunch with highly successful investor Warren Buffet, who has stated is not in favor of cryptocurrencies. Unfortunately, Sun had to postpone the lunch due to kidney stones. TRON has two headquarters, one of Beijing and one in San Francisco. Sun travels between the dual headquarters, so postponing the lunch will not create a hardship for him. News reports also said the Chinese government out Sun on border restriction list, although these reports proved false. Still, after the reports, TRX lost 14 percent overnight.
Two North American exchanges, Bittrex and eToro, still offer TRX. The only way to migrate TRX is through exchanges.