Re: Poloniex closes his doors for US citizens

Quote from: semobo on October 18, 2019, 06:09:42 PM

Quote from: ivan1975 on October 18, 2019, 05:21:01 PM

Poloniex closes his doors for US citizens:

Quote

Beginning today, US persons will no longer be able to create new accounts on Poloniex. Starting on November 1, 2019, US customers will no longer be able to execute trades on the exchange. When trading ends, US customers will still be able to withdraw their assets through Circle until at least December 15, 2019.

https://medium.com/circle-trader/poloniex-spins-out-from-circle-with-new-backing-global-focus-5a19357bdaee
What do you think about it and future of Poloniex?
Also they made 0% fee for all spot trading to the end of year.
It seems that their business is not going very well in last days.

Poloniex era was over already before couple of years since that there is no good business for them,binance also did the same but created a separate site for US citizen this might repeat with poloniex?

In my opinion Poloniex wants to be a big exchange and does not want the law to affect their business so banning US users could make this exchange more comfortable in the business. In addition, Bittrex has done the same and this makes it difficult for people in the US to enter the crypto market in the future.

The country really has too much to deal with and if Poloniex can work well in the Asian market then this will be one of the potential exchanges.