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Tron Reduces Transactions Fees to Zero Despite Crypto Rout

  • Alex Dovbnya
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    All Christmas gifts have been already unpacked but Tron has one more important announcement up its sleeve

Tron Reduces Transactions Fees to Zero Despite Crypto Rout
Cover image via u.today
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Tron CEO Justin Sun keeps bombarding his community with a slew of pleasant announcements. Sun has just taken to Twitter to celebrate the reduction of transaction fees to zero.

Joining the zero-fee club  

The transaction fee of the TRX exchange dropped to a miniscule 0.1 percent on Dec. 14, already making it one of the cheapest trading platforms on the market. Now, the ecosystem has gradually reached a zero percent fee, and traders aren’t supposed to fork out a dime in order to perform transactions on the TRXMarket exchange.  

A popular trading app called Robinhood, which added the cryptocurrency trading option back in February, was clearly a disruptor in the space considering that crypto traders were given the opportunity to trade coins without paying any commission. Now, the zero-fee niche is getting crowded with other exchanges.

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A brand-new DEX in the pipeline

As U.Today reported on Dec. 13, Tron has recently launched its own decentralized exchange – TRXMarket with three trading pairs. Apart from TRXMarket, Tron has one more DEX that is dubbed Exchange GOC.

Dec. 26 also marks the day when Tron joined forces with Tronscan in order to roll out one more decentralized exchange that will list TRC10 and TRC20 tokens.

User expectations

Tron also recently made headlines after celebrating an important milestone – 1 mln users addressed in six months. Even amidst the crypto winter, the coin is experiencing ‘a slow implosion’, as Justin Sun puts it. However, its users still ask for more, and it seems like a Bakkt listing would quench their thirst.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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