Tron's Justin Sun Admits To Investing In The Crypto Exchange Poloniex Sale; Just ‘Helping Friends'

The founder of the Tron network, Justin Sun, may have denied that he was involved with the group of investors who bought the crypto exchange Poloniex from Circle, but he changed his mind and finally revealed that he participated in the sale.

Initially, when it was announced that Circle would sell Poloniex, Sun claimed that “he would not buy anything”. Now, it is clear that he was not speaking the truth. According to his latest speech at the Tron-Poloniex Livestream event, Tron invested in the exchange, which will now be operated in an independent way by another company.

Poloniex was originally founded back in 2014 and it was bought by Circle in 2018. Recently, however, the number of trades at the exchange started to go down, so Circle decided to sell the exchange.

Sun affirmed that Poloniex is one of the largest platforms of the industry and that he will collaborate with its growth now. One of the first initiatives now that he is one of the investors is to list Tron-based tokens in the crypto exchange. He declined to offer any additional detail on how he will cooperate with the company, though.

Despite declining to give the details, he did talk about how the company will try to gather the attention of Chinese investors. They will now be able to log on the exchange using a new domain and the company will finally start accepting Chinese IDs during the whitelisting process.

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Hank Klinger
Hank Klinger
Hank Klinger has been working online for seven years now. He has written for several national companies. Hank has been a part of our team for over three years, reviewing ICOs, new cryptocurrencies and helping us keep up to date with industry news. His primary knowledge is in marketing, sales, and advertising, and he uses that knowledge to research and pick out reliable sources of information to use as a basis for his writing.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

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