• Poloniex has been around for 9 years, and in that time has experienced a rebirth with global expansion and a closer connection with the crypto communities it serves.
• Poloniex has withstood the tumultuous crypto market of 2022, which has seen many projects and service providers declare bankruptcy.
• To stay afloat, Poloniex has focused on different areas around the world and their specific crypto needs, introducing new products and a new trading system.
Poloniex, the 9-year-old crypto exchange, has gone through a sort of rebirth in the past few years. From 2014 to now, the exchange has gone through a number of changes, most notably with their global expansion, which has allowed them to cultivate a closer connection with the crypto communities it serves. This has enabled them to better understand the needs of their users around the world, from Brazil to Singapore to Turkey.
Yet, despite the tumultuous events of 2022 that have caused many projects and service providers to declare bankruptcy, Poloniex has stood strong. This can be attributed to their focus on different areas around the world and their specific crypto needs. To stay afloat, Poloniex has introduced a number of new products, such as a new cross-margin mode for USDT-margined perpetual contracts and spot trading, a new trading API, and a focus on education through the launch of their educational effort, dubbed the Poloniex University.
These new products have allowed Poloniex to remain a reliable exchange even during the current crypto winter. Even the most intrepid of Web3 enthusiasts and champions of the New Internet have been exercising caution in the wake of a wave of crypto black swan events, but Poloniex has proven itself to be a safe haven for crypto trading. With their focus on global expansion and new product offerings, Poloniex is well-positioned for success in the coming months and years.