Poloniex looking to expand in India, Collaborates with Polygon to Foster Web3 Adoption

Poloniex is a global crypto giant, one of the most prominent cryptocurrency exchanges in the world, operating in over 100+ countries. Poloniex allows for the buying or selling of digital assets, such as Bitcoin (BTC), Ethereum (ETH), TRON (TRX), and other altcoins. They have announced their arrival in the ever so hot Indian market and are planning to expand significantly in the emerging Indian market.
Poloniex is a professional trading platform and it will enable users in India to:

1. Basic and active trading platforms available

Users can use a simple buying form, active trading platform, or connect to Poloniex decentralized exchange with a compatible wallet.

2. Hedge with Poloniex Futures

Trade different cryptos such as Bitcoin, Ethereum, and hedge your positions with corresponding perpetual swap contracts.

3. Earn without trading

Users can lend their BTC, USDC, USDT, and 10+ other crypto assets to earn interest directly in their account.

Poloniex announces Collaboration with Polygon to Foster Web3 Adoption

Polygon, a leading platform for Ethereum scaling and infrastructure development platform has now announced its collaboration with Poloniex, a global cryptocurrency exchange platform. This collaboration will focus on empowering Web3 development and adoption but will also include joint efforts in some other fields too.

Polygon has celebrated great achievements since its founding and is also gaining popularity among developers who aim to escape the high transaction fees on the Ethereum mainnet.

Polygon scaling solutions have been widespread adoption with 20K+ Dapps, 3.4B+ total transactions processed and 142M+ unique user addresses, offering an extensive range of fast, secure, energy-efficient and affordable Ethereum scaling solutions.
Having been in the industry for around more than 7 years, Poloniex is committed to providing users with a better trading experience and accelerating the industry development. With the help of this collaboration, Poloniex hopes to bring Web3 forward with Polygon cutting edge insights and technology.

Executive Opinion

Shaun Scovil, General Manager of Poloniex, said, “This new collaboration is a great chance for Poloniex and Polygon to synergize our expertise, and we are incredibly thrilled about the potential it will bring. Together with Polygon, we strive to support the development of the rapidly growing Web3 ecosystem and make quality applications more accessible to our users.”

About Poloniex

Poloniex was founded in the year 2014 as a global cryptocurrency trading platform. With its world-class trading platform and security, it received funding in the year 2019 from investors, which includes Justin Sun, Founder of TRON.

Poloniex supports perpetual contracts, margin and spot trading, as well as leveraged tokens, and its services are available to users in around 100 regions and countries with several languages available, which includes Russian, English and Turkish.

Website: https://login.poloniex.com/login
Twitter: https://twitter.com/Poloniex
Telegram: https://t.me/PoloniexIndia

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.