On Nov. 29, Justin Sun, the CEO of Tron confirmed the news that Poloniex will now operate TRX Market under the new name “Poloni DEX.”
The largest decentralized exchange based on #TRON network, #TRXMarket was acquired by @Poloniex. https://t.co/qYGzyiBUAI — Justin Sun (@justinsuntron) November 29, 2019
Poloniex Promises Long-Term Beneficial Effects For Tron
A blog post from Poloniex issued on Nov. 27 reads:
“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.”
@Poloniex announced on November 28, 2019 that it had acquired TRXMarket, the largest decentralized exchange (DEX) in the #TRON/#TRX. As a result, "TRXMarket" will operate as "@PoloniDEX" under the protection of Poloniex.https://t.co/EdeEaEhxlN — TRON Foundation (@Tronfoundation) November 29, 2019
Poloniex meanwhile promised long-term beneficial effects for Tron as a result of the takeover.
“This acquisition is bound to be a very significant move for the TRON ecosystem, signaling the exchange sector’s trust and recognition of TRON,” the blog post claims.
TRXMarket has officially upgraded to #PoloniDEX, a significant move for the #TRON ecosystem. We believe that after joining @Poloniex, TRXMarket will have access to more premium resources and be in a position where it can better serve community members. https://t.co/BQqc5QneSU — PoloniDEX (@PoloniDEX) November 27, 2019
As of press time, TRX/USD had come down following the announcement, shedding around 2% in the past 24 hours.
In October, Samsung integrated Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore that includes APIs that support TRX transactions.
Source: Poloniex| Cointelegraph | Image: Poloniex