TRON DAO's TRX Listed on Regulated US Exchange Bitnomial
The TRON DAO has announced that its native utility token, TRX, is now listed on Bitnomial, a CFTC-regulated U.S. exchange and clearinghouse. This move brings regulated derivatives to TRX for eligible U.S. traders and institutions, allowing them to manage exposure through exchange-traded futures.
According to Justin Sun, Founder of TRON, 'The launch of the TRX futures contract on Bitnomial expands the ways market participants can access and manage exposure to the TRON ecosystem through a regulated U.S. venue.' The move represents continued progress in developing regulated financial products tied to the TRON ecosystem.
Bitnomial's President, Michael Dunn, stated that 'TRX is one of the largest digital assets by market capitalization, backed by one of the most established networks in crypto, and now has a regulated US futures market to match.'