The crypto exchange Poloniex would be taken over by Tron Justin Sun.
Poloniex was originally an American crypto exchange and had some success a few years ago like Bittrex before the appearance of big competitors like Binance, Huobi, Kraken, OKex, Kucoin, …
Poloniex has announced that it no longer accepts customers in the United States and that they can no longer use this crypto exchange that will focus on international expansion.
The crypto exchange announces that it leaves its parent company Circle and removes its American traders:
“Unfortunately, in order to innovate for global customers, US customers will not be included in these spin out,” said Poloniex.
Poloniex announced that its new crypto exchange, Polo Digital Assets Ltd, would be supported by an “investment group that plans to spend more than $100 million to develop the exchange to offer new features, services and assets to its global customers “, and with” zero fees”.
American traders will be excluded on November 1st.”
1/5: We are spinning Poloniex out from Circle into a new company with backing by an investment group that plans to spend more than $100M developing the exchange to offer new features, services and assets to global customers.
— Poloniex Exchange (@Poloniex) October 18, 2019
justin Sun is one of the biggesst investors behind this Asian investment group taking over Poloniex.
Justin Sun from Tron who recently mentioned an important news to be announced shortly and that could be the news about Poloniex.
Some sources confirmed these rumors as indicated in the newspaper The block Crypto.
Circle Company acquired Poloniex in 2018 for $400 million.
Poloniex which had the ambition to become a big competitor against Coinbase in particular but which ended up in trouble against American regulators.
Poloniex had delisted many tokens to avoid any problems with US regulators.
Poloniex, however, appears to be one of the most “clean” crypto exchanges on the market, according to a BTI Report.
Poloniex is now going forward by withdrawing from the United States to develop internationally and is therefore perhaps taken over by Justin Sun.
Information to be confirmed by Justin Sun who has certainly already planned his marketing campaign, the king of crypto hype is good at pumping his Tron token (TRX).
