Bitget Announces Strategic Collaboration with the TRON Blockchain including the Acquisition of $10M of TRX
Victoria, Seychelles — December 19, 2024 — Bitget, a leading global cryptocurrency exchange and Web3 company, today announced a strategic collaboration with the TRON blockchain including the acquisition of $10M of TRX, its utility token. The strategic collaboration will further solidify TRON’s growing popularity and market dominance for onchain global payment, broadening its global network of use cases within the blockchain ecosystem, including CEX, DeFi, and other innovative decentralised applications.
TRON is one of the most trusted L1 networks for developers, institutions, and users worldwide. It has established itself as the de facto protocol of choice for onchain settlement of USDT payment, with over 278 million user accounts and a proven track record for delivering fast, low-cost transactions. Year to date, TRON has recorded more than $10 billion/day in average onchain transactions and over $1 billion in total protocol revenue, reflecting its significant global user adoption and real-world utility.
“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,” said Gracy Chen, CEO at Bitget.
“I am excited about our strategic collaboration with Bitget to support ecosystem growth,” said Justin Sun, founder of TRON. “I look forward to seeing TRON collaborate more closely with Bitget to empower developers, foster further growth and make TRON more accessible for everyone.”
With its rapid expanding user base and over 9 billion transactions processed since its inception, Tron remains one of the most widely adopted blockchains globally. The strategic collaboration highlights the shared vision between the parties to make blockchain technology more accessible and cost effective for all users around the globe.
