Justin Sun has invested in Poloniex
In the same breath, the exchange announced that TRX could be traded on the platform with immediate effect. Sun also announced a TRX and USDT Airdrop for users of the exchange. The exact details will be announced in the coming weeks.
Justin Sun denied a few weeks ago that he would buy the Poloniex exchange or acquire shares in it. According to a report that was almost 3 weeks old, Sun was seen at Circle headquarters, along with other investors. Circle had operated the exchange until the end after Poloniex had split off from the company.After that, it only became known that investors from Asia would take over Poloniex and expand its activities in Asia. Justin Sun announced in a livestream that he is one of the investors supporting Poloniex with new capital. The exact ownership structure is not yet known.
Although there is no official confirmation of the investment level yet, Sun appears to be on the list of investors. Sun continues to assure that Poloniex will exist and operate as an independent company. Sun states:Poloniex is one of the biggest exchanges in our industry. I think the exchange is going to grow and that’s why we collaborate with it to have more initiatives.
Author : Collin Brown