Cryptocurrency exchange Poloniex now controls the largest decentralized exchange (DEX) on blockchain network Tron (TRX).
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.”
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 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.
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
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