Poloniex Acquires Largest DEX in the TRON Ecosystem
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Nov. 27, 2019

Cryptocurrency exchange Poloniex has announced it acquired TRXMarket, the largest decentralized exchange (DEX) in the whole TRON ecosystem.

Poloniex Sees Growth in Market Share After Spinning Out From Circle

According to the official announcement, TRXMarket from now on will be rebranded into Poloni DEX and will operate under the regulation of the exchange.

Poloniex Acquires Largest DEX in the TRON Ecosystem

"We recognize and value the rate TRON is expanding its ecosystem. Under the leadership of Justin Sun, founder of TRON, TRON’s ecosystem is growing at an exponential speed," the exchange stated in the announcement.

TRON CEO Justin Sun claims this acquisition is not only a move to expand the DeFi ecosystem, but also "represents a starting point of TRON receiving recognition from world-leading exchanges."

Previously iHodl reported that Circle separated its way with Poloniex in an effort to make "a competitive internationally-focused cryptocurrency exchange."

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