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As the palpable tension that came with the bears in the crypto market subsides, investors are looking at the future of some of these coins. Tron (TRX) is the issue of discourse and the topic is not far from its listing on new exchanges.
As it stands, the coin stands between Coinbase and Bakkt. Each of these has their upsides and a great exertion of financial acumen is what the coin needs to make the best pick.
Can Tron (TRX) deal with Coinbase’s Alleged “Pump and Dump?”
Before now, several allegations surfaced and these question the legality of Coinbase’s operations. Its cast in bad light as a pump and dump platform negates its earlier functionalities. In spite of this, Tron (TRX) needs Coinbase to stay afloat, especially with the fact that the coin meets the exchange’s expectations. With full decentralization, liquidity, and highly scalable platform, Tron (TRX) is a good option for Coinbase. The exchange earlier last year hinted that the TRX and XRP might be making their way to its platform.
As the year progresses, the crypto community is on the lookout on the possibility of this listing. Tron’s TRX stands to benefit from Coinbase’s massive user base. In another perceptive, the coin will have increase in value, as Coinbase is a viable exchange that usually trades in the green.
Bakkt Presents a lot of Gold
Bakkt has been flagged a redeemer of the present market bloodbath and people are waiting for the official launch of the platform.
As Tron (TRX) anticipates a Coinbase listing, it also hopes to clinch a spot on Bakkt. Justin Sun, the coin’s CEO already suggests that Tron’s TRX is a viable crypto coin for Bakkt. This was following the exchange’s quest to list Bitcoin (BTC).
Despite the fact that the exchange put off the BTC listing for some time, there is room for TRX. The users got the tip to suggest coins they want on the exchange. In the light of this, votes are already coming in and Tron’s TRX is among the leading coins in the pool.
The Necessity of Tron’s (TRX) Listing on Bakkt
Apart from adding another exchange to its kitty, the coin is hopeful of a listing on Bakkt because of the fiat benefits. Bakkt is an offshoot of the New York Stock Exchange. Could this be a real-world use case for the coin after the exchange lists it?
Future events will determine the possibility of this milestone. In a related development, Bakkt has been trading in the green. If Tron (TRX) finds its way to the exchange, it will be a positive surge in the value.
Coinbase and Bakkt are good enough for Tron (TRX). Its value tends to increase on either of them. However, with speculations surrounding Coinbase, Bakkt will be a good option for the coin. Also, the fiat rooting will suffice Tron (TRX) a lot of collaborations.