Gibraltar Blockchain Exchange lists TRON’s TRX on GBX-DAX

The Gibraltar Blockchain Exchange (GBX) has announced the addition of TRON (TRX) to its Digital Asset Exchange (GBX-DAX).

TRX, the ninth largest cryptocurrency in terms of market capitalization, is the third token to be listed on the GBX-DAX in 2019, following the recent addition of XRP and EOS. GBX said that TRON has been brought to the GBX-DAX by sponsor firm StratX.

“Stratx is pleased to have introduced Justin Sun and the TRON Foundation to the first regulated and insured blockchain exchange, owned by an EU regulated stock exchange. As these markets evolve and mature, our focus is on matching together dynamic and pioneering issuer projects with institutional quality exchanges,” Michael Horowitz, CEO of Stratx, said.

Justin Sun, Founder and CEO of TRON, said that the listing will boost TRON’s influence in the European market.

TRON is a blockchain-based operating system that aims decentralizing the internet and its infrastructure while transforming the entertainment industry. The TRX token enables users to submit decentralized applications (dApps), share files and content on the TRON platform, publish, store, and own data on the platform, and interact with greater ease and at higher speeds.

“We are delighted to announce the addition of TRX to the GBX-DAX. TRON’s goal to transform the entertainment industry through the creation of a decentralised ecosystem for content-sharing, is bolstered by a strong team of developers, who are deeply in tune with the mission of the leadership team,” Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited said.

The GBX-DAX is a digital asset exchange built on institutional-grade best practices and good governance, derived from the capital markets experience gained through the GBX’s parent company, the GSX, an EU-regulated stock exchange.

In November 2018, GBX received a full license as a provider of distributed ledger technology (DLT) from the Gibraltar Financial Services Commission (GFSC) under Gibraltar’s Financial Services Regulations 2018 DLT framework.