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Blockchain News

Bitget and TRON Lock in $10M Deal for Blockchain Growth

Written By:
Iyiola Adrian

Reviewed By:
Jahnu Jagtap

Last updated: December 20, 2024 2:09 AM
Published December 19, 2024 8:59 PM
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Last updated: December 20, 2024 2:09 AM
Published December 19, 2024 8:59 PM
Bitget and TRON Lock in $10M Deal for Blockchain Growth

Crypto exchanges and Web3 platform Bitget are strategically collaborating with TRON, one of the best blockchain networks, to render blockchain technology more usable and accessible worldwide.

And to seal the deal, Bitget has invested in $10 million worth of TRX, used as the utility token for TRON. This partnership will spur growth across the TRON ecosystem, especially in DeFi, CEX, and other cutting-edge blockchain applications.

“At Bitget, we believe collaboration with leading systems that make a real difference is very important,” said Gracy Chen, CEO of Bitget, in the press release. “We look forward to seeing what this project will bring about for both parties and the global crypto community.”

TRON is one of the most trusted blockchain networks by developers, institutions, and users around the world. It boasts over 278 million user accounts and has processed a whopping 9 billion transactions. 

Also, it is famous for its quick and cheap on-chain payments. It plays a vital part in settling USDT stablecoin payments and has a daily on-chain transaction of over $10 billion.

Justin Sun, the founder of TRON, commented on X. He said, “I am excited about our strategic collaboration with Bitget Global to support ecosystem growth. I look forward to seeing TRON collaborate with Bitget to empower developers and make TRON more accessible for everyone.”

Bitget was founded in 2018, and it is one of the best international crypto exchanges, serving over 45 million users in 150 countries. It is mainly known for its special copy-trading feature and scores of other Web3 tools, including a multi-chain wallet and NFT marketplace. 

Moreover, the exchange has also done several partnerships this year, such as being the Official Crypto Partner of LALIGA in Latin America, Southeast Asia, and other regions.

Also Read: Bitget Token (BGB) Surges 264% in One Month, Hits New ATH

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
Follow:
Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:

Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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