Poloniex accelerates its expansion to become a top-tier crypto trading platform

The rapid growth of cryptocurrency shows no signs of slowing. As traditional assets lose value, institutional and retail investors are flocking to cryptocurrencies. Users prefer crypto exchanges that offer trusted services and an inclusive ecosystem that cater to the evolving innovations in the space.

Poloniex is one of the oldest and most reliable cryptocurrency exchanges and is currently among the world’s top 20 cryptocurrency exchanges by trading volume according to CoinMarketCap. The platform lets people buy and trade all the leading cryptocurrencies without requiring substantial personal information or undergoing background checks. Many crypto enthusiasts prefer the platform for its easy user interface (UI) and minimal commission rates offered.

Poloniex was once the biggest altcoin exchange by volume. Having been in the industry for more than eight years, Poloniex has been more active recently thus accelerating its pace of expansion to go back to being a leading crypto exchange.

Sponsoring the world’s largest Bitcoin conference

Poloniex sponsored Bitcoin 2022, the world’s largest Bitcoin conference which was held in  Miami, Florida. Bitcoin 2022, being one of the world’s largest and most well-known Bitcoin conferences, attracts over 35,000 crypto enthusiasts and 3,500 enterprises within the crypto ecosystem.

Eddie Jiang, Head of Marketing of Poloniex said, 

“We look forward to participating in Bitcoin 2022, and it’s a great chance for us to network with and learn from other leading parties in the industry around the world. The conference focuses on mass Bitcoin adoption. As a key player in the industry, Poloniex will continue its global strategy to accelerate its expansion into different markets, providing users with much-needed crypto services.”

As Globalization is one of the main objectives of Poloniex this year, the platform is building local teams in emerging markets such as Latin America, Asia Pacific, the Commonwealth of Independent States, and the Middle East to offer localized services and strengthen communications with local communities.

“You can expect more from Poloniex this year, as our new trading system will also soon be launched. It boasts a brand-new matching engine and will deliver superior performance. The upgraded trading system will be much more responsive with friendlier UI, enhanced security, and brand new features.” remarked Eddie Jiang

Focusing on the importance of DeFi

In Bitcoin 2022, the role of DeFi was outlined as a rapidly growing sector of personal finance with products built on blockchains that could replace the functions of traditional financial institutions like banks. There were discussions on how banks are turning out to be outdated systems that have not kept up with technological innovation and how DeFi offers all of the functions of a bank like interest and loans, without the queues, waiting, and endless admin.

Owing to the investment of H.E. Justin Sun in 2019, Poloniex is part of the Tron ecosystem, a blockchain-based operating system that aims to serve as a crucial infrastructure to Web3.0 and currently services over 81 million users.

 Poloniex also highlights the importance of DeFi in revolutionizing financial structures and educating the masses about how CEX could play an important role in the DeFi area.

Poloniex was invited to join the permanent judging panel of the TRON Grand Hackathon 2022 together with Huobi, Gate.io, and Kucoin, in an effort to promote the mass adoption of blockchain technology and innovative cross-chain solutions thus empowering developers to create and execute DeFi, GameFi, NFT, and Web3 projects. 

Developing its ecosystem

Moreover, Poloniex is committed to contributing to the industry’s development and hopes to grow together with promising projects, as well as spur innovations and applications of blockchain technology.

The platform entered into a strategic collaboration with the Fantom Foundation, a smart-contract platform that is high-performing, scalable, and safe, built to overcome the limitations of previous-generation blockchain platforms. This step was taken in order to support the development of the platform’s ecosystem. 

Poloniex will devote additional resources to high-quality projects that are built on Fantom, such as listing and promotion support, hosting unique campaigns, and sharing technical knowledge.

Poloniex is striving to build stronger relationships with different platforms to improve its ecosystem in order to keep up with the industry demands and provide the best possible service to its customers.

Final Word

Founded in 2014, Poloniex is a world-class trading platform with the highest level of security and an evolving ecosystem aimed at expanding the horizons of decentralized finance. Poloniex provides perpetual contracts, spot, and margin trading, along with leveraged tokens to millions of users in nearly 100 countries and regions in multiple languages, including English, Turkish, and Russian.

At its 8th anniversary, Poloniex announced its focus on platform vast development, including more market exposure, localization and upcoming features such as new trading services and user interface.

To know more about Poloniex, visit their official website or follow their Twitter.

Disclaimer: This is a paid post and should not be treated as news/advice.