When compliance and globalization have become the main theme of the encryption industry, which institution can quickly achieve compliance in the global market will inevitably be the next step in the encryption industry. Leading the development cycle. Justin Sun, a leader in the encryption industry, and his Tron are becoming the vanguard of the global development of compliance.
On January 12, Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, announced the listing of TRX, and in the following two weeks, it successively listed BTT, USDD, JST, SUN, etc. TRON token.
For Tron, this further expands its layout in the Americas. The listing of TRON tokens on Brazil's largest exchange is just a microcosm of TRON's globalization and compliance development. Since its establishment in 2017, TRON has gone a long and solid way in its global layout. Currently, TRON’s token TRX has been logged into more than 130 exchanges around the world, and the number of accounts held exceeds 114 million. The total number of TRON users has also exceeded 208 million, exceeding the number of users of Binance, the industry’s leading exchange, which is 160 million. According to Crypto.com’s market size report, there are currently more than 500 million encryption users worldwide. In other words, 40% of crypto users are TRON users.
Conquer countries with weak traditional finance and promote the real application of cryptocurrency
Good news comes frequently. In the first month of 2024, TRX has been listed on two exchanges, namely Brazil's largest exchange Mercado Bitcoin and South Korea's mainstream exchange Gopax.
First of all, for Brazil, the launch of TRX is of great significance. Fabrício Tota, director of new business at Mercado Bitcoin, pointed out: "From a commercial and technical perspective, Brazil welcomes A major turning point has come. Different tokens have their own characteristics and their own user groups, which will help expand the development of the digital economy and affect more people through tokenization."
The listing of TRX through Brazil’s largest exchange also has historic significance for the future development of TRON. Brazil is Latin America’s largest crypto-economy: 8% of Brazil’s 214 million people used cryptocurrencies in 2021,after India, the United States, Russia and Nigeria. And usage continues to grow exponentially. Moreover, Brazil is regarded as one of the fastest growing emerging markets in the world.
The encryption industry is in a blue ocean in Brazil. In Brazil, holding crypto assets is legal. In 2022, Brazil passed Bill 4401/21, which included Bitcoin and other digital assets as financial assets. In addition, Brazil will tax income from cryptocurrency speculation. Brazil’s new cryptocurrency tax bill will take effect on January 1, 2024, stipulating that Brazilian citizens need to pay a 15% tax on cryptocurrency income held in foreign exchanges. Moreover, Brazil is also trying to develop clear regulations and regulatory frameworks.
Bringing TRX to more Brazilian people through Mercado can promote the further popularization of TRON's technology in Latin America. Previously, TRON became Dominica’s “national public chain” and was authorized to issue Dominica’s cryptocurrency DMC. And in the legislation, TRON tokens such as TRX, BTT, JST, USDD, NFT, USDT (TRC-20) and TUSD (TRC-20) are confirmed as legal tender.
Not only that, El Salvador in Latin America uses Bitcoin as legal tender, Dominica, and in the border area between Colombia and Venezuela, people are frequently using cryptocurrencies. Exchange food and other daily necessities. For these countries and regions, the political situation is unstable, inflation is serious in the country, or traditional financial services are very backward. This is fertile ground for cryptocurrencies to flourish in Latin America. It can be seen that TRON’s active layout in Latin America not only promotes its own global layout, but also brings practical financial services to local residents.
Promoting the globalization of TRON from these countries, where traditional finance itself is not trusted by local residents, will undoubtedly be from the very beginning. Paying attention to the "practicability" and "implementation" of encryption has also laid a solid foundation for TRON's global development path.
The results are remarkable. Currently, TRX has been listed on more than 130 exchanges, becoming one of the mainstream compliant cryptocurrencies and serving the industry efficiently. Internal and external users involve various industries such as tourism, mobile terminals, trust investments, financial securities, and digital payments. TRON has spread all over Japan, Thailand, Mexico, the United States, South Korea, Europe and other countries and regions, and is providing a diverse, convenient and safe trading platform and method for global users.
When compliance becomes the main theme, globalization will come naturally
In addition to global development, TRON has also been focusing on compliance development in countries around the world. Globalization and compliance are like two tracks of a railway track that must run in parallel. Only in this way can an encryption institution run fast and steadily at the same time.
Mercado is the most well-known compliance exchange in Brazil and has been audited since 2018. Maintaining cooperation with compliant exchanges is only part of TRON’s compliance layout.
According to DefiLlama, TRON has become the most widely accepted platform among global public chain projects. Among them, TRON’s daily activity has reached 1.5 million, which is four times that of Ethereum. In addition, TRON is also the world's largest stablecoin circulation market, with the total stablecoin circulation exceeding US$51 billion, and TRC-20 USDT accounting for more than 50% of the total USDT circulation. In 5 years of development, the number of TRON transactions has reached 6 billion, and the value of circulating crypto assets has reached 10 trillion US dollars.
Due to its high security, fast transfer speed and low transfer cost, TRON has become the most active public chain platform in the world and the largest crypto asset One of the circulation platforms.
In 2022, Justin Sun stated at TOKEN 2049 held in Singapore that TRON’s next goal is to become a mainstream financial services institution. In the past few years, the industry has also seen the realization of Justin Sun’s original vision step by step. Recently, the United States has approved eleven institutions to provide Bitcoin spot ETF products. Among them, Valkyrie and VanEck have established business and investment cooperation with TRON and Justin Sun. The approval of this ETF also shows that TRON is promoting encryption. We have been working hard on asset mainstreaming and compliance for a long time.
In 2023, Tron has never stopped running on the road to compliance. VanEck TRON ETN has successively passed the strict regulations of the German Financial Authority and Deutsche Börse. After compliance approval, it was officially listed on Deutsche Börse Xetra, and was subsequently listed on many mainstream European stock exchanges.
At the end of last year, Justin Sun also stated on X that the future of TRON depends on four basic pillars: decentralization, compliance, and communication. and institutional engagement. It is foreseeable that in the future, compliance will still be one of the main themes of TRON's development. In the process of building the above four pillars, TRON, which has continuously consolidated its own business, will surely sweep the world as crypto finance is gradually accepted by mainstream finance.
Sanya
