Justin Sun, founder of the Tron blockchain ecosystem, confirmed that he had purchased a stake of Poloniex. Earlier US-based holding Circle sold Poloniex to an unknown investor or group of investors from Asia.

Justin Sun announced that he had become one of the investors in the Poloniex cryptocurrency exchange. In a live stream hosted by Poloniex, Sun stated:

"Poloniex right now is running independently by the Poloniex team with investment from several investors. I was one of the investors."

Sun added that Tron plans to expand its collaboration with Poloniex, including airdrops among Poloniex users. He promised to reveal details in the coming weeks.

Earlier, Poloniex announced that it will list the TRX coin and start trading in pairs with BTC, USDT and USDC. TRX will be among the first projects to be listed, with other TRC10 and TRC20 standard tokens being assigned a slot on the exchange in the future.

Poloniex was acquired by global financial services company Circle in early 2018. According to rumors, Circle paid $400 million for Poloniex. This October it was spun-off from its parent company to form an independent entity. Poloniex was spun-off into a separate company, Polo Digital Assets Ltd. The exchange revealed that it planned to cease working with US residents and focus on expanding its presence in the Asian market. Currently, Poloniex, once included in the list of the largest crypto exchanges in the world, is on the 76th line by daily trading volume.