TRON is landing on the promising market, trading directly with Vietnamese Dong (VND)
TRON is going to be listed on Bvnex, the TOP 1 fiat-to-crypto exchange in the Vietnamese market. With this new listing, TRON is landing on one of the most emerging and dynamic crypto markets in Asian.
Vietnam - The promising cryptocurrency market
During the Covid-19 pandemic, Vietnam has proven its strength to confront global issues. That’s why the Asian Development Bank (ADB) has forecast Vietnam to be one of the fastest-growing economies in Southeast Asia despite the impact of COVID-19. In its Asian Development Outlook report 2020, it reiterated the country’s economy will bounce back to 6.8 percent in 2021, provided the pandemic is contained.
Furthermore, according to PwC, Vietnam is still being expected to be one of the few countries that will continue to grow in 2020, while the rest of the world is being projected to enter into a recession.
Besides, the Vietnam government is encouraging technology innovations and especially the blockchain field.
In recent years, the Ministry of Justice (MOJ) organized many conferences regarding the legal framework related to the application of Blockchain technology. Bvnex CEO Trang Phung was also an adviser for such legal seminars in 2019.
She and other representatives of the blockchain community have asked for a ‘sandbox’ for the technology. In the region, some sandbox models have been launched successfully in Singapore, Malaysia, and Japan. Therefore, Vietnam can take those as a model to apply.
With high economic potential, a Golden-age population, and an open government environment, no doubt that the Vietnamese crypto market continuously surges in the future.
Increasing TRON demand in the Vietnamese market
As the top-20 market cap cryptocurrency, TRON is always a popular coin in the Vietnamese communities.
Showed in Google Trends, interest in TRON coin though fluctuated but proved that Vietnamese users never stop paying attention to TRON.
Vietnamese traders are one of the most dynamic in the crypto-verse. Traffic source from Vietnam is usually in the top 5 of many major exchanges such as Binance, Huobi, and MXC. The young population structure and a high percentage of smartphone users lead to widespread adoption in Vietnam.
The downside is, however, users have no way to trade TRON directly with fiat currency (VND). Some may buy from the OTC market but must face high risk and inconvenience.
Bvnex will open trading TRON directly with Vietnamese Dong
However, this situation is no more because you can now trade TRON directly with VND on Bvnex, the top 1 fiat-to-crypto exchange in VietNam.
We are happy to announce that TRON (TRX) is listing on the Bvnex platform with TRX/VNDT trading fair.
Open Trading: 15:00 on 13th July 2020 (GMT+7)
TRON is a decentralized entertainment and content-sharing platform that uses blockchain and peer-to-peer (P2P) technology. It’s a next-generation social media outlet on which you can create and share content with anyone, anywhere in the world. Tronix (TRX) is the basic unit of accounts in Tron’s blockchain.
- Website: https://tron.network/
- Telegram: https://t.me/tronnetworkEN
- Twitter: https://twitter.com/Tronfoundation
Bvnex benefits from the strong advantages of the Vietnamese market, shaking hands with the Chinese giants, the country leading in cryptocurrency, to build the Number 1 trading platform in Vietnam.
Thanks to the abundant capital, accompanying the professional, international, and experienced team, Bvnex has quickly become one of the most prominent exchanges in the market. As a result, many famous international exchanges choose Bvnex as a strategic partner when they intend to penetrate the Vietnamese market.
The daily trading volume of Bvnex is around 55 million USD. You check it here on Coingecko. Bvnex has been growing quickly with +150,000 Vietnamese users and +20,000 Chinese users.