Tuesday, April 23, 2024
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Poloniex teams up with Fantom foundation

Poloniex, a worldwide cryptocurrency exchange, has established a partnership with the Fantom Foundation to help improve the ecosystem’s overall development. The cryptocurrency exchange wants to help the blockchain by allocating more resources to the Fantom platform so that more decentralised projects and applications can be developed. The exchange will also support the foundation by providing a listing, technical knowledge publications, and unique promotions.

Poloniex General Manager Shaun Scovil claims that the company is attempting to help the sector grow. It’s dedicated to helping developers and protocols reach their full potential. Finally, the corporation sees itself progressing as a result of its commitment to innovation and blockchain technology. Poloniex, which was founded in 2014, has expanded rapidly as a global cryptocurrency exchange. It has millions of clients who trade cryptocurrencies and other financial or digital assets on its platform. It offers a variety of services, including spot and margin trading, leveraged tokens, and perpetual contracts, among others. It presently supports over 300 tokens and 450 market pairs for trading.

Furthermore, the site is available to users in over 100 countries throughout the world. Its services are also offered in a variety of languages, including English, Russian, Turkish, and others. Poloniex received money from a number of investors in 2019 as a result of its performance, including TRON’s founder, His Excellency Justin Sun. As it entered its ninth year, Poloniex had repackaged its brand for greater performance and interaction within the business. Poloniex is expanding into international markets such as the Commonwealth of Independent States (CIS), Asia-Pacific (APAC), the Middle East and North Africa (MENA), and Latin America (LATAM) as a worldwide platform to boost overall business growth.

Poloniex demonstrated its new direction by announcing a trading system with higher performance. The system will also provide a sophisticated API as well as security. Through new features and products, users will benefit from increased performance and infinite liquidity. As a result, Poloniex’s engagement with Fantom is a good indicator of centralised exchange involvement as well as support for decentralised projects and innovations.

Read more: Fantom’s FTM token recovers losses following DeFi architect Andre Cronje withdrawing himself as developer

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.


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