The Poloniex exchange has been a part of the crypto space for over 8 years now, contributing significantly to its growth and development. It was founded with the mission of building one of the biggest and most advanced digital asset trading platforms in the world. Staying true to its mission, Poloniex provided its users access to the most innovative assets thereby enabling them to trade and make better use of their crypto while also focusing minutely on the security of their platform and the user’s funds.
18th January 2022 marks the 8-year anniversary of Poloniex in the crypto space. As the platform enters its 9th year, the top leadership penned a letter expressing their gratitude and appreciation towards their users for their support and trust over the years. They also reflected on the platform’s history and achievements and the roadmap ahead.
Poloniex was established in 2014 by Tristan D’Agosta as an exchange that can be used to safely trade Bitcoin and other digital assets. The platform became one of the first to list ETH and USDT while also continuing to support altcoins such as ETC, AMP, and ZCASH. This helped the platform to become a leading exchange for altcoins in the space.
In 2019, the exchange was acquired by a private investment group led by Justin Sun who decided to expand Poloniex’s reach and focus on the Asian markets. A new futures trading platform was launched during this time along with a special focus on Engineering and Customer Support teams based out of Hong Kong, Malaysia, and Singapore.
The Poloniex team also thrived and grew during the pandemic as they strengthened their recruitment and onboarding process along with stabilizing their trading platform and wallet infrastructure.
The exchange had an average trading volume of around 100 million during the past 7 days.
Future plans and aspirations
The exchange plans to adopt a new trading system in the future. This would include a new technical architecture that delivers superior performance with a TPS of up to 100,000. Poloniex is also looking to support 7 more language versions and add market orders for its traders while optimizing candlestick charts and supporting drawing tools to help professional traders carry out technical analysis.
The Poloniex app is also adding new financial products and 12 language versions while revising its current product interaction layout.
Overall, the platform is aiming to focus on emerging markets such as the APAC (Asia-Pacific), MENA (Middle-east and North Africa), LATAM (Latin America), and CIS (Commonwealth of Independent States) while also listing more trendy tokens.
Poloniex has grown and evolved hand-in-hand with the crypto space. The exchange is backed by a team that has become expert at adapting to the ups and downs of the crypto market while operating on a 24/365 basis.
As part of its anniversary celebration, the platform recently launched a one million giveaway for TRON and Poloniex’s anniversary carnival.
The platform intends to become a Top 10 exchange and is re-shaping itself accordingly. This includes building a better trading engine, re-imagining their margin trading and peer-to-peer lending services, and providing better UX and liquidity to its traders.
The Poloniex platform currently has one of the lowest fees at 0.155% at any trading volume, combined with its simple buying form and the active trading platform provides traders with a chance to buy and sell more than 314 cryptocurrencies and tokens easily.
Disclaimer: This is a paid post and should not be treated as news/advice.