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About TROY

Troy Trade is a global prime broker specializing in crypto trading and asset management, who provides crypto brokerage services like spot and margin trading, derivatives, data, custody, lending, and staking for institutional clients and professional traders with revolutionary products. TROY 2.0 is an upgrade that aims to propel the project to become a smart hybrid asset management platform that is driven by its strong adherence to inclusivity, profitability, security and urge to serve.

TROY (TROY) is a cryptocurrency launched in 2019. TROY has a current supply of 10.00Bn with 8.63Bn in circulation. The last known price of TROY is 0.001284604614 USD and is 0.000005967816 over the last 24 hours. It is currently trading on active market(s) with $1.83M traded over the last 24 hours. More information can be found at https://troytrade.com/.

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TROY Price Statistics
TROY’s Price Today
24h Price Change
+$0.0000059678160.47%
24h Volume
$1.83M43.10%
24h Low / 24h High
$0.00281023 / $0.00298068
Volume / Market Cap
0.165008557819
Market Dominance
0.00%
Market Rank
#1086
TROY Market Cap
Market Cap
$11.08M
Fully Diluted Market Cap
$12.85M
TROY Price History
7d Low / 7d High
$0.00281023 / $0.00361346
All-Time High
$0.03873745Sep 20, 2021
All-Time Low
$0.00133002Mar 16, 2020
TROY Supply
Circulating Supply
8.63Bn
Total Supply
10.00Bn
Max Supply
0
Updated Oct 04, 2024 7:47 am
image
TROY
TROY
$0.001284604614
$0.000005967816(+0.47%)
Mkt Cap $11.08M
There's nothing here for now
OTC Weekly Trading Insights (02/07/2024)
OTC Weekly Trading Insights (02/07/2024)
In recent months, $OM has experienced significant bullish momentum. The token has increased in value by 65.7% this week, accompanied by a large increase in trading volume. The rise in $OM's value follows a DAO proposal to increase staking rewards on MANTRA Finance, the decentralized finance (DeFi) ecosystem powered by MANTRA DAO. The proposal received overwhelming support, with 99.6% of voters backing it, resulting in a significant increase in staked $OM tokens.  Chainlink ($LINK), the largest market capitalization token in the Oracle space, broke through its resistance level and traded above $18 last week. It has been trading in the $13 to $16.5 range since November 2023, and it finally broke the upper resistance level, soaring above $19 after large short positions were liquidated. Currently, it is trading above $18. Terra Luna Classic ($LUNC) had volatile trading sessions over the weekend. The 18% increase followed by an 8% retracement in two days posed significant price risks to traders and investors.  Overall Market The above chart shows the BTC price movement starting in 2024. Our desk has identified a strong resistance level in the $43,300 to $44,000 range, as shown in the red area. The BTC price attempted to challenge the resistance level several times last week, but all attempts were rejected. Price rallies typically occur right before the US session begins and fade away after the US session ends. The time pattern suggests that the recent BTC buy flows are primarily driven by inflows from BTC spot ETFs.  Meanwhile, our desk noticed that trading volume on the exchange has decreased as we approach the Lunar New Year this Saturday, February 10, 2024. The Lunar New Year is a major festival in many countries and cultures, and a lower trading volume is expected during the holiday season. That being said, we anticipate a consolidation of BTC prices in the coming days before the market finds a direction. Google recently approved the advertising of some cryptocurrency products, such as spot ETFs for Bitcoin. Facebook and Instagram, two of the most popular social media platforms in the United States, are planning to allow businesses to advertise spot Bitcoin ETFs. The change represents a significant step toward greater mainstream acceptance of cryptocurrencies. The above chart shows the ETH price movement starting in 2024. Ethereum has outperformed Bitcoin in recent days, with the ETH price rising back above $2,300. However, ETH is also encountering resistance between $2,350 and $2,390, as shown in the red zone. The SEC delayed its decision on several Ethereum spot ETF applications last week, as the market expected. Analysts predict the SEC will approve the Ethereum spot ETF in May. The recent increase in the ETH price could be attributed to staking on EigenLayer, an Ethereum-based restaking protocol. EigenLayer's total value locked (TVL) increased by $1.8 billion after the developers removed the upper limit on all pools for various liquid staking tokens. The large increase in EigenLayer's TVL was primarily due to the deposit from Lido's sETH. ETH holders can earn higher rewards by restaking their staked ETH on EigenLayer.  The restaking feature encourages ETH holders to stake their ETH with higher rewards while also lowering market supply by reducing the amount of ETH in circulation. Options Market The above table shows the at-the-money implied volatility on BTC and ETH options with different expiry dates.  Following the recent consolidation of BTC and ETH prices, implied volatility has fallen below 40% on the front end. The IVs for BTC and ETH's seven-day expiry options are 35.16% and 37.88%, respectively.  The IVs of long-dated options are around 50%, down from 60% one month ago.  Retracements of IVs on BTC and ETH options are consistent with our expectations. We anticipate a slow trading flow over the next week or so during the celebration of the Lunar New Year. Our desk believes the trading flow will recover and the IVs will move higher as the bitcoin halving date approaches, which is expected to be around April 17. Macro at a glance  Last Thursday (2024-02-01) The Eurozone's projected annual CPI growth rate is 2.8% in January 2024, with a projected core CPI growth rate of 3.3%. Both readings exceeded the expected rates of 2.7% and 3.2%, respectively. The Bank of England maintained its interest rate at 5.25%, unchanged. BoE Governor Andrew Bailey indicated that the central bank was ready to begin easing policy, but only after more evidence that inflation was heading in the right direction. US initial jobless claims increased to 224k last week, exceeding the expected 213k and the previous week's 215k. The US ISM Manufacturing PMI was 49.1 in January, higher than the expected 47.2 and the previous month's 47.1. ISM manufacturing prices increased from 45.2 in December to 52.9 in January. The better-than-expected manufacturing data suggests that US manufacturing business activities are improving as the border economy strengthens. Last Friday (2024-02-02) US nonfarm payrolls increased by 353k in January, far exceeding the expected 187k. In January, average hourly earnings rose by 0.6% on a monthly basis, exceeding the expected 0.3% increase. The US unemployment rate was 3.7% in January, lower than the expected 3.8%. The stronger-than-expected nonfarm payroll growth and average hourly earnings growth support the Federal Reserve's decision to keep interest rates unchanged last Wednesday. On Monday (2024-02-05) The US ISM non-manufacturing PMI was 53.4 in January, higher than the expected 52.0 and the previous month's 50.5. ISM non-manufacturing prices increased from 57.4 in December to 64.0 in January. The better-than-expected data suggests that the US economy is in expansion mode. The Reserve Bank of Australia maintained its interest rate at 4.35%, unchanged. However, RBA governor Michele Bullock left the door open for further rate hikes to address the high inflation rate Convert Portal Volume Change The above table shows the volume change on our Convert Portal by zone.  The DeFi zone saw the highest overall increase in trading volume last week. The trading volumes of the recently listed Jupiter ($JUP) account for the majority of the increase in this zone. The two tokens with the greatest volume increase in the Launchpad zone were Tokocrypto ($TKO) and TROY ($TROY). Our desk has observed strong trade demand for Tokocrypto over the last two weeks, and its price has risen by more than 14% during that time. In the Layer 1/Layer 2 zone, the decreased volume is primarily due to slower trading activity on large-cap coins. Our desk observes strong trading demand for Nervos Network ($CKB) and Oasis Network ($ROSE); however, the volume increase was offset by a decrease in volume for other coins.  Why trade OTC?   Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API.  To access manual price quotations, you may visit our Binance OTC platform (https://www.binance.com/en/OTC-Trading/spot), where you can RFQ (request-for-quote) and trade directly with our OTC trading team via a live chat. To utilise our Algo orders features, you may visit our BinanceAlgo Orders platform (https://www.binance.com/en/OTC-Trading/AlgoTrading).  For any other inquiries on OTC trading, please reach out to us via our email at [email protected] for our trading desk to get in touch with you and get started.  OTC trades may also be automatically quoted on Binance Convert and via API, offering users a quick and simple way to execute trades across 60,000+ pairs with one simple click. Binance Convert supports over 350 tokens listed on the exchange including fiat pairs. Begin trading from as little as 1 USD. To start, simply navigate to the Binance Convert & Block Trade platform (https://www.binance.com/en/convert), select the coins you wish to trade, preview and confirm the quote with settlement reflecting almost instantly in your wallet balance. For details and access to Binance Convert OTC API, please refer to our Convert Endpoints (https://binance-docs.github.io/apidocs/spot/en/#convert-endpoints) and reach out to us at [email protected] if you have any questions or require assistance. Visit Binance OTC (https://www.binance.com/en/otc) for more information on our OTC products and solutions.  Experience the main benefits of Binance Convert and OTC Trading:  Fast & Competitive Pricing  Instant settlement  Widest availability of coins  Bespoke service with unique market insights  Zero fees and slippage  Email: [email protected]  Join our Telegram (https://t.me/BinanceOTC) to stay up to date with the markets!
Feb 07, 2024 3:35 pm

Frequently Asked Questions

  • *What is Troy Trade?

    Troy Trade is a global prime broker specialized in crypto trading and asset management. It provides crypto brokerage services for institutional clients and professional traders with products such as spot & margin trading, derivatives, data, custody, lending, and staking in one account.

    • Master-level Trading Platform: One account with a single interface enables access to the aggregated liquidity of crypto exchanges. Some key functions include smart order routing, flexible account management, settlement service, and automatic risk control.
    • Data Analytics: Empower customer’s decision making with a data matrix framework. Data categories include blockchain data, trading data, market data, social data, and media data optimized by AI and quantitative models.
    • Brokerage Service: Competitive fee rate and order execution speed. Real-time fund transfer and settlement service. Provide margin trading and OTC services with advanced convenience.
    • Full-stack Quantitative Solutions: Infrastructure powered by co-location service to better the performance of high-frequency trading algorithms. Offer exposure to quantitative solutions with straight-through processing, precise tick historical data, and strategy assessment systems.
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  • *What is the TROY Token?

    • Functions as the medium of exchange in this organic network
    • Provides workload reward of Relayer network to encourage timely and accurate updating, broadcasting, and synchronizing orders
    • Serves as relay medium for the exchange of unconventional token trading pairs in-ring matching
    • Acts as the trading fee unit when users call up the trading and settlement functions
    • Means of access to features in Troy and burnt as gas fees
    • Incentives for brokers and to reward brokers contributing to maintaining a global ecosystem
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  • What is the all-time high price of TROY (TROY)?

    The all-time high of TROY was 0.03873745 USD on 2021-09-20, from which the coin is now down 96.68381730341052%. The all-time high price of TROY (TROY) is 0.03873745. The current price of TROY is down 96.68381730341052% from its all-time high.

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  • How much TROY (TROY) is there in circulation?

    As of , there is currently 8.63Bn TROY in circulation. TROY has a maximum supply of 0.

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  • What is the market cap of TROY (TROY)?

    The current market cap of TROY is 11.08M. It is calculated by multiplying the current supply of TROY by its real-time market price of 0.001284604614.

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  • What is the all-time low price of TROY (TROY)?

    The all-time low of TROY was 0.00133002 , from which the coin is now up -3.414639328731884%. The all-time low price of TROY (TROY) is 0.00133002. The current price of TROY is up -3.414639328731884% from its all-time low.

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  • Is TROY (TROY) a good investment?

    TROY (TROY) has a market capitalization of $11.08M and is ranked #1086 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze TROY (TROY) price trends and patterns to find the best time to purchase TROY.

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