Justin Sun bought the Poloniex exchange

Justin Sun bought the Poloniex exchange

November 14, 2019 by cryptorolling.com
Justin Sun, founder of Tron, recently admitted that he is one of the investors who acquired the Poloniex exchange from Circle.

Sun said the exchange continues to operate independently of his company, the Tron Foundation. Recall that in October, the founder of Tron denied the information about the acquisition of Poloniex.

According to Nomics, Poloniex is the 11th largest cryptocurrency exchange, and the average daily volume on the platform is $19.5 million. This means that less than 1% of all cryptocurrency trading transactions take place on the exchange.

Although Sun said that the stock exchange operates independently of the Tron Foundation, the TRX token has recently been listed on the stock exchange. Now Poloniex users can place limit orders on TRX/BTC, TRX/USDT, TRX/USDC.

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