Poloniex ventures into the Indian market to propel the nation’s crypto ecosystem

Poloniex, a global cryptocurrency trading platform, is stepping into the rapidly expanding Indian crypto market to explore the tremendous scope and propel the space’s innovation through various partnerships and promotions.

APAC is a strategically important market for Poloniex, and it’s a part of the global expansion plan. India is one of the biggest markets for cryptocurrencies in APAC, which helps to lead the expansion of the cryptocurrencies market. The market grew 641 percent between July 2020 and June 2021, according to a report by cryptocurrency research firm, Chainalysis.

Stepping into the Indian market by partnering with Polygon

According to Poloniex, India is one of the most strategic markets, and they are very optimistic about its future development. The blockchain industry in India is flourishing, with the availability of abundant technology talents, and excellent blockchain projects.

Poloniex recently partnered with Polygon, the leading platform for Ethereum scaling and infrastructure development, which was founded in India. According to an official announcement from Poloniex, this collaboration with Polygon focuses on empowering Web3 development and adoption, and the two parties will also have joint efforts in other fields such as joint marketing, listing support, and exclusive campaigns. 

As Polygon’s co-founders are from India, the collaboration enables Poloniex to cater specifically to market needs and work efficiently towards strengthening its foothold in the Indian market. It also shows the trust and welcome of the leading communities in India to Poloniex.

The platform strives to develop a strong community and provide localized services in India through its local team by cultivating conversations and gathering feedback to become a community-inclusive yet transparent platform. This would help to evolve into a unified ecosystem from which users can access a wide range of benefits across their products regardless of the type of investing or trading strategies they adopt.

Poloniex is also keen on identifying and promoting new tech talents in the country to provide them opportunities to bring their innovations to the market. As well as pulling the strings with valuable connections in the industry, thus reinforcing the growth of the country’s crypto ecosystem.

Poloniex will further strengthen its presence in the market by hosting exclusive events, collaborating with more local projects, expanding local teams, and participating in the development of blockchain in the region.

Expanding Globally

One of the main goals of Poloniex for 2022 is global expansion, with an emphasis on rising markets such as LATAM, MENA, APAC, and CIS. Poloniex targets to build local communities and offer localized services across the globe to foster innovations and expand crypto communities.

The platform also held the Poloniex Global Tour Malaysia on 8th May 2022 with Poloniex introducing themselves in their first-ever physical event. The event was dubbed the “First Station of the Poloniex Global Tour”, which would be followed by a series of events taking place not only in the APAC region but in other parts of the world.

Local meet-ups in India will be organized in the near future, to underpin Poloniex’s communications with the local communities.

Final Word

Poloniex has been in the industry for more than eight years, it is a trustworthy, stable, and reliable platform with a long history. Its plan to launch a new trading system aims to deliver superior performance, improved APIs, and enhanced security.

As the platform ventures into the Indian market, crypto enthusiasts of the nation have all the reasons to be excited and look forward to the products and innovations being offered by Poloniex, that have the potential to advance the Indian crypto ecosystem.

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.