.
MergerLinks Header Logo

New Deal


Announced

Completed

TRON admits the completion of an investment in Poloniex.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Minority

Completed

crypto portfolio management

cryptocurrencies

Acquisition

Single Bidder

United States

Private

cryptocurrency exchange

Payments / Commerce

Friendly

Synopsis

Edit

Justin Sun. founder of TRON, a cryptocurrency platform admits being one of the investors that recently acquired Poloneix, a cryptocurrency exchange platform from financial technology firm Circle. Financial terms were not disclosed. Sun said he was one of the investors who acquired the trading platform in a Livestream published by the official Poloniex Twitter profile on Nov. 12. Furthermore, he noted that the exchange operates independently from his firm, the Tron Foundation.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US