TRON-acquired Poloniex now shares 4% of the total cryptocurrency market, transparency data from Nomics has shown. Poloniex Exchange has been seeing a series of progress after Justin Sun invested in the digital asset exchange.
Towards the end of 2019, Poloniex returned to $100 million trading volume per day. Also, the exchange has extended its zero-fee spot trading for another week, indicating that users can continue to trade without paying.
— Justin Sun (@justinsuntron) December 29, 2019
Soon, Poloniex says it will be introducing fee discounts for customers who hold or use TRX, and they will earn a maximum discount of 30% on their maker and taker fees. As well, they will be eligible for any incentives in the future.
Poloniex Acquired TRON Network’s Biggest DEX, TRX Market
Shortly after Justin Sun invested in Poloniex, the exchange also acquired the biggest Decentralized Exchange on TRON Network.
While the terms of acquisition are not stated, Justin Sun, who confirmed the deal, said the DEX, formerly TRX Market, is to be renamed “Poloni DEX.”
Poloniex, a few months back, broke away from its previous owner, Circle, forming a new exchange due to the US security regulations.
Poloniex Exchange Data Leak
Poloniex crypto exchange has forced its users to reset their password after a leaked data that involves a list of email addresses and passwords.
According to Poloniex, the leaked password and email address could be used to log in to users account if they are not change on time.
The email in part: “While almost all of the [leaked] email addresses listed do not belong to Poloniex accounts, we are forcing a password reset on any email addresses that do have an account with us, including yours.”
Bitlord Criticizes Poloniex
Bitlord, a regular cryptocurrency commentator, has doubted the progress of Poloniex, saying the exchange is becoming shadier every time.
The pseudonymous crypto analyst said the progress came as a result of its no-fee trades, claiming the platform is faking data.
He said: “It says number of trades and that’s bogus data after using no fee trades! So you have 4% of faked trades. Nothing to be proud of This exchange is just getting shadier and shadier faking data”.
It says number of trades and that’s bogus data after using no fee trades!
So you have 4% of faked trades. Nothing to be proud of
This exchange is just getting shadier and shadier faking data
— BITLORD (@Crypto_Bitlord) January 2, 2020