At the global meeting of Poloniex employees on July 7, Justin Sun, co-owner and founder of TRON, assured that the platform will continue to thrive even in the bear market. This was reported to ForkLog by a representative of the crypto exchange.

Justin Sun has confirmed that the phased launch of the new trading system and other Poloniex products will be completed before the end of the year. According to him, further declines in the cryptocurrency market will not affect the work of Poloniex, since the exchange did not open leveraged positions and did not risk capital.

“Poloniex’s business was unaffected by the 2022 black swan due to the robustness of internal and external operations and risk management strategy,” Justin Sun said.

In addition, Poloniex will continue to recruit new employees. At the time of publication, there are 20 open positions on the platform website.

Poloniex is one of the oldest cryptocurrency exchanges. It has been operating since 2014 and supports more than 500 trading pairs in the spot and futures markets.

Earlier, ForkLog published an exclusive interview with Poloniex CEO Sean Scoville. He talked about what Justin Sun does for the stock market and how institutional investors perceive bitcoin.

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