Tron founder Justin Sun on Thursday said the team is working with embattled crypto exchange FTX on a solution to solve the situation at the crypto exchange.
Justin Sun later announced that TRX trading on FTX has been resumed. Other Tron tokens which include BTT, JST, SUN, and HT are already available for trading. Justin Sun will work on resuming the withdrawal function for Tron tokens.
Meanwhile, Tron founder Justin Sun hinted at a potential partnership with the beleaguered crypto exchange.
“The ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike. My team has been working around the clock to avert further deterioration. I have faith that the situation is manageable following the holistic approach together with our partners. Stay tuned #TRON @FTX_Official.”
Meanwhile, only TRX withdrawal is possible on FTX, as other TRON tokens can only be traded. This means that users who want to withdraw from FTX have to convert their assets to TRX.
TRX is trading at a higher rate on FTX than other exchanges. As of press time, TRX is up 13% on FTX, exchanging hands for $0.06.