FTX sets up credit facility with Tron to allow certain crypto holders to remove assets

FTX sets up credit facility with Tron to allow certain crypto holders to remove assets

FTX on Thursday said it will open a Tron credit facility to allow holders of TRX, BTT, JST, SUN, and HT to remove their assets from the platform.

“As part of this agreement, we will be disabling Tron deposits for all users during this period. The only deposits will be the pre-announced deposits conducted weekly by the Tron Team. Initially, $13,000,000 of assets will be deployed to facilitate such swaps,” the exchange said.

The development comes after founder of the Tron cryptocurrency network,…


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