Coinbase Custody Could Support TRX And 5 Tron-Based Tokens

The team from Coinbase Custody just revealed that they are currently exploring adding some digital assets as part of the plan to better serve clients all over the world.

Ethereum World News noted that some notable digital assets on the list include Tron (TRX) and five tokens running on the TRON network.

The latter include BitTorrent (BTT), Just (JST), Just Stablecoin (USDJ), WINK (WIN), and Sun Token (SUN).

The team at Coinbase Custody also said that that all of them will be available globally due to different laws and regulations.

Coinbase Custody is focused on the Asia-Pacific Region

It’s been also revealed that Coinbase Custody is also currently exploring ways of expanding its user base in the Asia-Pacific region. Check out the team’s original statement about the issue:

“Over the coming months, we plan to support more assets and launch new features that will continue to demonstrate that Coinbase Custody is one of the most trusted and innovative places for institutions to store their crypto assets,” according to official notes.

The team continues and says that “Part of growing the crypto economy, Coinbase Custody will also be exploring ways to serve more institutional clients across the Asia-Pacific region. Most recently, Coinbase Custody has added support for FTX (FTT) and Serum (SRM).”

It’s also extremely important to note the fact that support on Coinbase Custody could open the door for TRX to be eventually listed on Coinbase.

Tron’s Justin Sun to create the same kind of DeFi as Ethereum

Tron, aka the “Etehreum killer,” seems to be trying to replicate the success of ETH in DeFi.

Justin Sun recently said this during the LA Blockchain Summit.

This statement did not come as a surprise for people who have been following the developments of DeFi on Tron.

Regarding the price of TRX today, at the moment of writing this article, TRX is trading in the red, and the coin is priced at $0.025758.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Coinbase
Coinbase

Coinbase is a digital currency exchange headquartered in San Francisco, California.

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An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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