Tron (TRX) Now Available For Staking On Bitfinex Exchange

• Tron (TRX) a leading cryptocurrency is now available for staking on Cryptocurrency exchange Bitfinex.
• Bitfinex has also confirmed that they have no obligation to start staking with a minimum or maximum digital token holdings. 
• The digital token TRX currently ranks 14th, with a market cap of $1,069,974,819.

Bitfinex is an exchange for cryptocurrency traders formed in December 2012. It offers digital asset trading as a peer to peer Bitcoin exchange. Bitfinex announced staking for Tron (TRX) on its exchange.

This would undoubtedly be the beginning of more companies interested in staking TRX in its networks. Tron Foundation remained one of the leading companies in the crypto industry.

TRX Now Available for Staking on Bitfinex

Tron (TRX), a leading cryptocurrency is now available for staking on Bitfinex. Recently, the latest development was announced via his official Twitter account by the Tron (TRX’s) founder and CEO Justin Sun.

#TRX is now available for Staking on @bitfinex! Estimated annual staking rewards are 6%-8%. Bitfinex soft-staking program allows users to easily & securely generate rewards by simply holding digital tokens on Bitfinex. Learn more & started $TRX Staking at https://t.co/KfIaohasG9 pic.twitter.com/E0tPvTmepl

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 7, 2020

Furthermore, annual rewards on the trading platform might vary between 6% and 8 percent. With the soft staking program introduced by the exchange, its users can easily and consistently receive rewards by holding a digital TRX token on the crypto-exchange.

Bitfinex supports the physical tokens TRON (TRX), EOS (EOS), Tezos (XTZ), COSMOS (ATOM),  Algorand (ALGO) and V.Systems (VSYS). 

Bitfinex is the Super Representative of Tron 

Major cryptocurrency exchange Bitfinex becomes the highest-ranked “Super Representative” (SR) in the Tron (TRX) ecosystem.

Bitfinex exchange joined in the voting for super representatives of TRON, which makes Bitfinex an official SR of Tron (TRX).

A big congratulation to our new #TRONSR @bitfinex👏👏👏

The #TRON super representative mechanism effectively avoids data monopoly. It protects user privacy and eliminates data leakage etc.

Check out https://t.co/VxhQhE7giQ for all the details! #TRX $TRX pic.twitter.com/vJyzXIsNw5

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 7, 2020

Tron Market Overview 

During the past few hours almost all of the top 20 cryptocurrencies, including Bitcoin (BTC) and Tron (TRX), have kept their values on track without substantial gains or losses.

The digital token TRX currently ranks 14th, with a market cap of $1,069,974,819. Furthermore, TRX currently exchanges at 0.016046 USD. However, in the last 24 hours, the price decreased by 0.73 percent.

Umme Haani