Big TRON (TRX) update: New heavyweight partners, sponsoring and listings

Wintermute, a leading global algorithmic market maker in digital assets is now the official market maker for Tron.
It will also be a strategic partner for the entire TRON ecosystem, offering insights on market conditions to help create a sustainable liquidity model, and more.

According to the official announcement, Wintermute will provide liquidity across exchanges for TRONDAO’s native token “TRX”  and foster competitive spreads during all types of market conditions. It will also act as a strategic partner for the entire TRON ecosystem including offering insights on market conditions to help create a sustainable liquidity model, and more.

#TRON is thrilled to announce that @wintermute_t is now the official market maker for $TRX!

Together, we’re building a stronger decentralized web. #sTRONgerTogether

Check out the full article by @Cointelegraph below. https://t.co/GD1ZLBPQV1 pic.twitter.com/gk8FLjLyET

— TRON DAO (@trondao) September 12, 2022

Market makers are firms that stand ready to buy or sell securities. They offer up-to-date prices at which they are willing to buy or sell certain amounts of a cryptocurrency ensuring speedy execution of trades and better liquidity for contracting parties. Although these entities have been major players in traditional securities markets, their role in cryptocurrencies has been increasing in recent years.

Despite being a fairly new entrant, Wintermute has metamorphosed into one of the leading market maker firms for all things OTC allowing institutions and individuals to trade cryptocurrencies of any size at the most competitive prices.  By connecting directly to Wintermute, TRON users can execute transactions using the best prices sourced from over 60 liquidity pools. Users are also protected from market takers or crypto whale’s influence over asset prices leading to a more decentralized ecosystem that allows for greater user autonomy.

“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,” said David Micley, Director of Business Development at Wintermute. “We’re thrilled for the opportunity to contribute to the TRON ecosystem as a liquidity provider.”

Earlier in the month, Wintermute joined the TRON DAO Reserve after being granted authority to mint and redeem USDD, TRON’s algorithmic stablecoin. Since being launched in 2018, the TRON network has continued to expand its wings onboarding close to 600 DApps and over 100 million monthly active users.

As of September 13, 2022, the network has over 11 million total user accounts, more than $3.8 billion in total transactions, and over $12.37 billion locked (TVL) as seen on TRONSCAN.

Additionally, TRON has the largest circulating supply of USD Tether(USDT) stablecoin at $33.1 billion. In December 2021, the Tron Network became fully decentralized after launching a community-governed DAO. Most recently, the DAO launched the now “overcollateralized stablecoin” USDD stablecoin marking TRON’s official entry into decentralized stablecoins.

The partnership with Wintermute is thus a strategic move that could greatly help TRONDAO  increase its user base through the provision of seamless liquidity and stamp its authority as a world leader in the De-Fi and DApp ecosystem.

Der Beitrag Big TRON (TRX) update: New heavyweight partners, sponsoring and listings erschien zuerst auf Crypto News Flash.

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