Bitget, a global cryptocurrency exchange and Web3 company has announced on December 19th a strategic partnership with the TRON blockchain, including a $10 million acquisition of TRX, TRON’s native utility token.Â
This collaboration aims to strengthen TRON’s position as a dominant force in the blockchain space while enhancing its global network of decentralized applications (dApps), centralized exchanges (CEX), and DeFi ecosystems.
What Does the Collaboration Bring to the Table?
TRON has solidified its reputation as a trusted Layer 1 blockchain for developers, institutions, and users worldwide. Known for its efficient and low-cost transactions, the TRON network powers over 278 million user accounts and processes an average of $10 billion in daily on-chain transactions.
Its utility is further emphasized by its role as the leading blockchain for USDT payments, highlighting its widespread adoption and real-world applications.
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Gracy Chen, CEO of Bitget, shared her enthusiasm for the partnership, stating:
“At Bitget, we believe in collaboration with leading ecosystems that have real-world impact, and we’re excited to see how this initiative will bring more value to both parties and the global crypto community.”
Justin Sun, TRON’s founder, echoed this sentiment, saying: “I am excited about our strategic collaboration with Bitget to support ecosystem growth. I look forward to seeing TRON collaborate more closely with Bitget to empower developers, foster further growth, and make TRON more accessible for everyone.”
An Initiative to Expand the TRON Ecosystem
Since its inception in 2017, TRON has grown into one of the most widely adopted blockchains, processing over 9 billion transactions and hosting the largest circulating supply of USD Tether (USDT), surpassing $60 billion.Â
Its record of fast, secure, and scalable transactions has made it a preferred choice for global on-chain settlements.
The partnership with Bitget, established in 2018 and serving over 45 million users in 150+ countries, represents a shared commitment to making blockchain technology accessible and cost-effective.
Bitget is known for its innovative trading solutions, such as copy trading, and its role in providing real-time access to cryptocurrency prices.
This collaboration is expected to drive further innovation, expand TRON’s ecosystem, and bring blockchain technology closer to mainstream adoption. By pooling their resources and expertise, Bitget and TRON aim to foster growth and innovation for developers and users worldwide, contributing to the ongoing evolution of the blockchain industry.
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