Tron News Today – Headlines November 13

  • Justin Sun buys a share in Poloniex
  • Justin Sun bought Poloniex shares to expand the ecosystem of Tron
  • Poloniex plans to expand its operations further and increase its user base

Tron News Today – A piece of surprising news just emanated from the Tron ecosystem. According to a recent report, Justin Sun – the CEO of the Tron Foundation – just bought Poloniex share to expand the operational capabilities of Tron. The Tron founder just bought a share in Poloniex. Poloniex is a digital currency trading platform that has been in the spotlight more frequently lately for one news or the other. The platform its global operations. The entry of Sun would add more value to the already popular platform.

Justin Sun Aims to Expand the Tron Ecosystem by Buying Poloniex Share

The Tron founder aims to further expand the ecosystem of Tron by leveraging on the abilities of the trading platform. Poloniex has been struggling to increase its operations over the past couple of months. Sun wants to help stabilize the exchange and also expand his vision. Tron and Poloniex confirmed the development in a joint Livestream. Sun said that the trading platform is presently being operated by its core team with help from some investors, including him.

TRON (TRX) Price Today – TRX / USD

NamePrice
bitcoin
Bitcoin
$0.00
tron
TRON
$0.00

Tron is using the platform to enhance the reach of its products, including Tron (TRX) and BitTorrent. Recently, TRX was added to Poloniex. Sun also has plans of adding more TRC20 and related tokens to the trading platform. Some offers and promotions are currently ongoing in a bid to increase the user base of the platform. There is also a high-yield deposit campaign to attract investors. The platform has also reduced the trading fee to zero percent.

Poloniex Plans to Expand Its Operation Further

The next target of the trading platform is to expand its operation to China. It has acquired ‘Pwang.com’ domain, which is how ‘Poloniex’ is written in Mandarin. It would help the trading platform undertake local marketing, adhere to KYC, and also get Chinese regulations.

The crypto trading platform has had its share of ups and downs in the past. The platform launched in 2014, and it quickly found its way to the top exchange spot. Over the years, Poloniex lost market share as a result of decreasing user base and stagnant market policies. In February last year, Circle bought the exchange for $400 million. Later, the trading platform moved away from Circle and came under the sponsorship of an Asian investment group backed by Justin Sun. At the moment, the exchange has an expansion budget of $100 million that will focus on building new infrastructure and increasing the operations base.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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