Poloniex, a global cryptocurrency exchange, announced its collaboration with the Fantom Foundation to advance of its ecosystem
Poloniex, a worldwide cryptocurrency exchange, has announced a partnership with the Fantom Foundation to improve the Fantom ecosystem as a whole. The cryptocurrency exchange intends to bolster the blockchain community by providing more resources for the development of decentralized projects and apps on the Fantom platform.
Poloniex, founded in 2014, has evolved at a breakneck pace as a worldwide cryptocurrency exchange. It has millions of clients who trade cryptocurrencies and other financial or digital assets on its platform. It offers a variety of services, including spot and margin trading, leveraged tokens, and perpetual contracts. It presently supports over 300 tokens and 450 market pairings for trading.
Poloniex, according to General Manager Shaun Scovil, seeks to contribute to the industry’s development. Its mission is to aid developers and protocols in realizing their full potential. Finally, the organization envisions itself progressing as a result of its devotion to innovation and blockchain technology.
In response to the cooperation with Poloniex, Fantom’s CEO, Michael Kong, expressed delight about having Poloniex on board. He stated that the support of the cryptocurrency exchange will strengthen their motivation to pursue more new ideas. Kong demonstrated Fantom’s desire to collaborate on more projects. He noted that Fantom’s cheap cost, security, and speed are all reasons for Ethereum developers to use it for their applications. Fantom is a highly scalable, safe, and quick smart contract technology that has attracted considerable interest in recent months. Its superior performance demonstrates its capability in the field of blockchain technology. Additionally, it is dependable, capable of processing millions of transactions per second, and has low transaction costs, giving it a competitive edge over numerous protocols.
Poloniex, a global cryptocurrency exchange created in 2014, has grown significantly in the years following its creation. On its platform, which is used by millions of people, customers may exchange cryptocurrencies and other digital assets. Numerous investors, including Justin Sun, the inventor of TRON, invested in Poloniex in 2019.
