RATE Group | Poloniex Acquires Tron Network’s Biggest Non-Custodial Exchange
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Poloniex Acquires Tron Network’s Biggest Non-Custodial Exchange

08 Dec Poloniex Acquires Tron Network’s Biggest Non-Custodial Exchange

Posted at 06:36h in Cryptocurrency News by

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Cryptocurrency exchange Poloniex now controls the largest decentralized exchange (DEX) on blockchain network Tron (TRX), official reports state.

Confirmed by Tron CEO Justin Sun on Nov. 29, Poloniex will now operate TRX Market under the new name “Poloni DEX.”

Poloniex ‘acquires’ decentralized exchange

The move comes a month after Poloniex itself spun out from owner Circle to form a new exchange that addressed regulatory problems in the United States.

According to Sun, Poloniex “acquired” TRX Market, while it remains unknown what changed hands and what financial value the deal generated.

“To maintain the development of TRXMarket over the long term, the team has accepted an acquisition offer from Poloniex and will rebrand with the new name Poloni DEX, becoming a decentralized exchange under Poloniex. The official website has now changed to poloniex.org,” an accompanying blog post from Poloniex issued on Nov. 27 reads.

TRX Market functions as a non-custodial exchange that…

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