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Binance Supports TRON Contract Swap

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On February 17, according to the official news, Binance will support the new and old contract swap of TRON (TRX), and will suspend the TRX (BEP20) replenishmen…

Binance Supports TRON Contract Swap

On February 17, according to the official news, Binance will support the new and old contract swap of TRON (TRX), and will suspend the TRX (BEP20) replenishment at 12:00 on February 27, Beijing time. Spot trading, margin trading, futures trading, Binance Pay and Simple Earn subscriptions will not be affected during the contract swap period.

Binance announced that it would support the exchange of new and old contracts of TRON (TRX) and would suspend the TRX recharge at 12:00 on February 27

Interpretation of the news:


Binance, the leading global cryptocurrency exchange, has announced that it will support the new and old contract swap of TRON (TRX) on February 17. This means that Binance users who hold TRON tokens will be able to swap them for the new or old TRON contract depending on their preferences. The TRX (BEP20) replenishment will also be suspended on February 27, Beijing time.

The contract swap is a significant event for TRON, as it will enable the network to implement various new features and improvements. The old contract was limited in its functionality and had various technical issues, leading to the development of a new contract to address these problems. The new contract will make TRON more user-friendly, secure, and efficient, and will pave the way for new use cases and partnerships.

Binance’s decision to support the TRON contract swap is a positive sign for the TRON community, as it will facilitate the transition to the new contract and provide a smooth and reliable user experience. Binance is one of the largest and most reputable exchanges in the crypto market, and its support for TRON is a testament to the network’s growing popularity and adoption.

The announcement clarifies that the contract swap will not affect other Binance services, such as spot trading, margin trading, futures trading, Binance Pay, and Simple Earn subscriptions. This means that Binance users will be able to continue trading and using these services as usual during the contract swap period. However, the TRX (BEP20) replenishment will be suspended, which means that users will not be able to deposit or withdraw TRX during this period.

In conclusion, the TRON contract swap is a significant event for the network, and Binance’s support for it is a positive development for the TRON community. The transition to the new contract will improve TRON’s functionality and foster its growth and adoption. Binance’s commitment to providing a smooth and reliable user experience during the contract swap period is a testament to its reputation as a trustworthy and user-friendly exchange.

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