Justin Sun: Poloniex to launch new trading system and continue hiring staff

On July 7, at Poloniex’s global staff meeting, its co-owner and TRON founder Justin Sun assured that the platform would continue to develop even during a bear market. ForkLog reported this, citing a representative of the crypto exchange.

Justin Sun confirmed that the phased rollout of a new trading system and other Poloniex products will be completed by the end of the year. According to him, further declines in the crypto market will not affect Poloniex’s operations, because the exchange has not offered leverage positions and has not risked capital.

«The Poloniex business was not harmed by the ‘Black Swan’ of 2022 thanks to the reliability of internal and external operations and the risk-management strategy», Justin Sun explained.

In addition, Poloniex will continue hiring new staff. At the time of publication, the platform’s site listed 20 vacancies.

Poloniex is one of the oldest cryptocurrency exchanges. It has been operating since 2014 and supports more than 500 trading pairs on the spot and futures markets.

Earlier, ForkLog published an exclusive interview with Poloniex’s CEO Sean Skovil. He explained what Justin Sun has done for the exchange and how institutional investors perceive Bitcoin.

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