These past few years have come to be a sort of rebirth for the now 9-year-old crypto exchange Poloniex, which many OG users count as having been their first crypto exchange experience. Since 2014, the exchange has gone through many changes, most recently focusing on global expansion as it devotes its resources to emerging markets.
Recently, Poloniex has been hard at work cultivating a closer connection with the crypto communities it serves. While Poloniex serves millions of users all over the globe, from Brazil to Singapore to Turkey, it is because of the various IRL events that the exchange has attended in 2022 that Polo is able to learn from its users first-hand how they feel about the exchange and overall market. It surely is this mode of thought- one that finds the exchange leveraging its long knowledge but keeping its ear close to the ground- that has kept it afloat and even thriving, both in bull markets and the current crypto winter we find ourselves in.
It is no surprise that even the most intrepid of Web3 enthusiasts and champions of the New Internet are exercising caution in the wake of a wave of crypto black swan events. Many projects and service providers have declared bankruptcy in a rather dizzying domino effect set off by the stablecoin depeg and subsequent implosion of blockchain platform Terra. Yet, amidst the FUD of 2022, Poloniex has stood strong. On Poloniex’s end, this might be owed to a closer focus on different areas around the world and their specific crypto needs. It might also be owed to the myriad of new products, as well as its new trading system. This year alone brought a new cross-margin mode for USDT-margined perpetual contracts and spot trading, a new trading API, and a focus on education through the launch of its educational effort, dubbed ‘Polopedia’.
In 2023, the exchange plans to again make its mark through a continued expansion of its services and participation in the crypto community. This includes a new sub-account feature that will help with users’ capital efficiency; 2023 will also see the release of new trading tools including grids, trading bots, and follow-up trading systems to help users with different trading strategies; and users can also look forward to more channels for depositing; they will also enjoy easier, more user-friendly lite versions of the exchange. Beyond the new features, the exchange steps into the new year continuing its focus on community participation and education. This means a continuance of educational efforts, participation in and hosting of hackathons and other competitions, and a committed focus on emerging markets.
As 2023 provides the world a chance at a fresh start, Poloniex’s revamped homepage is proudly donning a new slogan: “Connecting you to the power of crypto”. And this is quite fitting for Polo. After all, crypto is about ideas. Ideas that serve a purpose that all of us believe in. From the OGs and degens to the new and crypto-curious. A belief in a New Internet. In the belief that Web3 can give people the financial freedom they deserve. For a lot of us, cryptocurrency is our first connection to that belief. And Poloniex is planting its flag in the ground as the exchange that will best help to foster that connection and help the investors, crypto-users, builders, and believers usher in this new era of finance and the Internet.
To celebrate its 9th anniversary, Poloniex has launched a series of campaigns to give away prizes worth over $1,300,000 to express gratitude for its customers’ long-term loyalty.
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Disclaimer: This is a paid post and should not be treated as news/advice.