On July 7, at the global meeting of Poloniex employees, its co-owner and founder of TRON, Justin Sun, assured thatthe site will continue to develop even during the bear market. This was reported to ForkLog by a representative of the crypto exchange.
Justin Sun confirmed that the phased launchnew trading system and other Poloniex products will be completed before the end of the year. According to him, a further decline in the cryptocurrency market will not affect the work of Poloniex, because the exchange did not open positions with leverage and did not risk capital.
“Poloniex's business was not affected by the 2022 black swan due to the soundness of internal and external operations and risk management strategy,” explained Justin Sun.
In addition, Poloniex will continue to hire new employees. At the time of publication, 20 vacancies are open on the platform website.
Poloniex is one of the oldest cryptocurrency exchanges. It has been operating since 2014 and supports over 500 trading pairs in the spot and futures markets.
Earlier, ForkLog published an exclusive interview with Poloniex CEO Sean Scoville. He talked about what Justin Sun did for the exchange and how institutional investors perceive bitcoin.
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