Binance, the world’s largest cryptocurrency exchange by trading volume, made an important announcement. The leading crypto trading platform, in a statement on Twitter, stated that it will make an exchange for liquidity.
After 12pm UTC today, #Binance will be swapping 750M USDT-TRX for USDT-ETH directly with the Tether team to ensure stablecoin liquidity across all chains for our users.
If you see any significant movements of USDT from our wallets today, that's why.
Funds are SAFU.
— Binance (@binance) June 12, 2023
Sharing from its official account, Binance announced that it will directly exchange the USDT-TRX pair worth $750 million with USDT-ETH. Authorities emphasized that users should be ready for possible wallet movements so that they do not panic.
Binance
If you see a significant USDT movement in your wallets today, don’t worry. Your funds are secured.
Tron (TRX) Price
After the news of the huge transfer announced by the Binance exchange, there was no significant movement in the price of Tron’s local cryptocurrency TRX. TRX is down 18.55% since its high of $0.085 on June 2.
$TRX currently finds buyers at the $0.07 limit.
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