Who Owns Poloniex?

Poloniex, once a major player in the cryptocurrency exchange market, has seen several changes in ownership over the years. Originally founded in 2014 by Tristan D'Agosta, Poloniex gained prominence as one of the early cryptocurrency exchanges. In 2018, the exchange was acquired by Circle, a global financial technology firm founded by Jeremy Allaire and Sean Neville. Circle’s acquisition aimed to integrate Poloniex into its broader suite of crypto financial services, enhancing the exchange's capabilities and expanding its reach.

However, in 2019, Circle announced a strategic decision to spin off Poloniex into a separate entity. This move was driven by a desire to focus on its core business areas and to allow Poloniex more freedom to operate independently. As a result, Poloniex was acquired by a group of investors led by the cryptocurrency firm TRON Foundation, founded by Justin Sun. TRON's acquisition marked a significant shift in Poloniex's operational dynamics and strategic direction.

Since the acquisition by TRON, Poloniex has undergone various changes, including improvements to its trading platform and adjustments to its business strategy. The TRON Foundation's involvement has influenced the exchange’s operations, aligning its offerings more closely with the TRON ecosystem and its blockchain-based projects.

As of now, Poloniex operates under the ownership of the TRON Foundation, continuing to serve as a prominent exchange in the cryptocurrency space while leveraging the support and resources of its parent organization.