Poloniex cryptocurrency exchange bought TRXMarket decentralized exchange
The Poloniex exchange acquired the decentralized platform TRXMarket on the TRON blockchain to enter this market. The reason for the purchase was TRXMarket's achievement of a weekly trading volume of $ 30 million.
In addition to the official reason for the purchase, the connection between Poloniex and TRXMarket is obvious thanks to Justin Sun, who is the founder of TRON and is part of the investor group that recently acquired the exchange from the company Circle
It is also noted that despite TRXMarket's stated successes, statistics on CoinMarketCap shows only $ 40 thousand of trades in the last day.