Wednesday, May 22, 2024

Poloniex ploughs through “crypto winter” with strong capital.

Poloniex will continue to thrive with strong capital as well as stable networks amid market downturns, says Justin Sun, the founder of TRON. He highlighted that Poloniex’s business has not been affected by the “Black Swan” event because of the company’s sound operations and risk management strategy.

Justin said Poloniex hasn’t used high leverage trading because of its strong capital. He believes Poloniex is able to navigate any risks with a 100% risk reserve. As such, the prevailing situation has no impact on Poloniex. Justin remains optimistic about the prospects of the crypto industry. He said Poloniex’s operations remain unchanged and it will continue to recruit more talents globally to optimize its product features and services.

Poloniex, launched in 2014, is among the world’s top 25 cryptocurrency exchanges. It has witnessed many ups and downs over the stretch of eight years. The crashes, redundancy, and hiring freeze in no way affects Poloniex’s development and direction with the goal of doubling headcount in 2022. It also wants to expand its cohort continuously in the second half of the year. The company will continue to recruit people of a higher caliber to produce incredible products and services for customers. Moreover, its ongoing talent acquisition shows that Poloniex is one of the strong players in the crypto industry. The uncertainty in the broader market doesn’t deter Poloniex. In fact, it makes the company stronger for a better ecosystem.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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