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Highlights:

  • Tron to be listed on the Poloniex Exchange
  • This move comes after Justin Sun revealed he has become an Investor in Poloniex
  • Initially he denied that there has been any involvement

Justin Sun, founder of crypto platform Tron, said he is part of the investor group that recently acquired Poloniex from fintech firm Circle, after denying his involvement initially. Sun said he was one of the investors who acquired the trading platform in a livestream published by the official Poloniex Twitter profile on Nov. 12. Furthermore, he noted that the exchange operates independently from his firm, the Tron Foundation.

Poloniex’s star has waned somewhat since its inception and meteoric growth in 2014. The platform was sold to Circle last year. The American company has since spun Poloniex out, with an unnamed group of investors taking control.

“Poloniex is one of the biggest exchanges in our industry,” Sun said. “I think the exchange is going to grow and that’s why we collaborate with it to have more initiatives.”

While Sun stated today that Poloniex will operate independently of the Tron Foundation, news of his investment in the platform follows close on the heels of Tron’s listing on Poloniex. As the exchange announced yesterday, customers could start posting limit orders for TRX/Bitcoin, TRX/Tether and TRX/USD Coin.

Those initiatives include listing Tron’s tokens on Poloniex and an airdrop campaign of USDT and TRX20 for users on the platform in the next few weeks, Sun said.


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Sudarshan M

Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it didn’t take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject. He is currently a researcher at the University of Nicosia. He is also the author of two research papers and a book on Blockchain’s future in Education titled: An Academic Overview of Blockchain - Applications in Educational Institutions. Sudarshan is an entrepreneur, blogger, educator, researcher and an avid proponent of Dogecoin. Such coin, Much wow.

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