President-elect Donald J. Trump has introduced a new cryptocurrency token, TRUMP, through CIC Digital LLC, an affiliate of the Trump Organization. According to The New York Times report, the coin’s value jumped from about $7 to nearly $30 in its first trading day—pushing the fully diluted valuation to around $30 billion.
The Trump family retains an 80% stake in the tokens, which will be released over three years. This high concentration of ownership, coupled with Mr. Trump’s plans to appoint crypto-friendly regulators, has drawn investor attention to potential volatility. Still, the rapid price surge underscores the ongoing appetite for novel digital assets, as traders look to capitalize on the hype surrounding the president-elect’s foray into cryptocurrency.
How to Buy Official Trump (TRUMP) in 4 Steps
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Compare Crypto Exchanges – Explore our list of top cryptocurrency exchanges offering this token (TRUMP) for purchase.
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Create an Account – Complete the registration process by verifying your email address and identity to access the platform.
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Make a Deposit – Fund your account using a Debit Card, Credit Card, Wire Transfer, or Bitcoin.
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Buy Token – Use your deposited funds to purchase the token (TRUMP) seamlessly.
Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry. It has over 9,000,000 users and over $207 billion in quarterly trading volume.
From humble beginnings, Kraken now offers over 200 digital assets, including Trump (TRUMP). For more sophisticated investors, Kraken also offers futures and margin trading.
Kraken has continued to evolve its platform and commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.
Kraken provides trading access in over 190 countries, including Australia, Canada, Europe, and the United States (excluding New York and Washington state).
Read our Kraken Review or visit Kraken.
KuCoin is a well-known name in the industry and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto-to-crypto trading. It now offers a varied range of services, including a P2P exchange capability and purchasing with credit or debit cards.
KuCoin currently offers Trump (TRUMP) cryptocurrency trading and over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
USA Residents are Prohibited.
Read our KuCoin Review or visit KuCoin.
Established in 2013, HTX has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, HTX now serves more than 5 million users in over 130 countries around the globe. It should be noted that HTX currently does not accept USA or Canadian residents.
HTX is one of the top exchanges that currently offer Trump (TRUMP) trading opportunities.
Read our HTX Review or visit HTX.
Summary
The new TRUMP token has prompted debate regarding the direct financial benefit it may offer to the incoming administration. Observers have raised moral concerns about an elected leader profiting from a high-profile venture, especially when the product’s success depends largely on public perception and fanfare. Additionally, $Trump’s positioning as a meme-based cryptocurrency accentuates the inherent volatility typical of these tokens: prices can swing dramatically and often hinge on social media buzz. As such, potential investors should recognize the speculative nature of this market and limit any participation to funds they can comfortably afford to lose.
