Big TRON (TRX) update: Strong partners, new sponsorships and listings

TRON (TRX)

According to the official announcement, Wintermute will provide cross-exchange liquidity for TRONDAO’s native token TRON (TRX) and promote competitive spreads in all market conditions. In addition, Wintermute will act as a strategic partner for the entire TRON (TRX) ecosystem and, among other things, provide targeted insights into different market conditions in order to create a sustainable liquidity model.

Market makers are companies willing to buy or sell securities. They offer current prices at which they are willing to buy or sell specific amounts of a cryptocurrency, thus ensuring speedy execution of deals and better liquidity for contracting parties. These entities have long been important players in traditional securities markets, but their role in cryptocurrencies has only increased in recent years.

Despite being a relatively new entrant to the market, Wintermute has emerged as one of the leading market makers for all OTC related topics. Wintermute enables institutions and individuals to trade any amount of cryptocurrency at the most affordable prices. By connecting directly to Wintermute, TRON (TRX) customers can transact at the best prices from over 60 liquidity pools. Clients are also protected from the influence of other market participants on prices, especially large crypto investors, resulting in a more decentralized ecosystem, which in turn ensures greater client autonomy.

David Micley, Director of Business Development at Wintermute says:

“This latest partnership between Wintermute and TRON is an extension of our efforts to partner with leading DeFi projects and offer our support through what we do best – making markets more liquid.
We are very excited about the opportunity to contribute to the TRON ecosystem as a liquidity provider.”

Earlier this month, Wintermute joined the TRON DAO Reserve after being granted authority to mint and redeem USDD, TRON’s algorithmic stablecoin. Since launching in 2018, the TRON network has expanded its impact by accommodating nearly 600 DApps and over 100 million monthly active users.

As of September 13, 22, the network has more than eleven million user accounts, more than $3.8 billion in total transactions and more than $12.37 billion in TVL, as seen on TRONSCAN.

Additionally,  TRON (TRX) has the largest circulating amount of USD Tether stablecoins at $33.1 billion. On December 21, the Tron network became fully decentralized after establishing a community-managed DAO. Recently, the DAO launched the now overcollateralized stablecoin USDD, marking TRON’s official entry into decentralized stablecoins.

Partnering with Wintermute is therefore a strategic move that could help TRONDAO grow its user base by rapidly providing liquidity and strengthen its authority as a global leader in the DeFi and DApp ecosystem.

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