Bitcoincom cryptocurrency exchange poloniex has been bought by circle
It was a good bit of business for both parties, ran the general consensus, and not a bad deal for customers of the exchange either, who might finally experience something resembling customer service. The ramifications of the deal extend far further, however, hinting at the shape of U. On the surface, the Circle-Poloniex deal looks like a simple changing of the guard: As a holder of a coveted Bitlicense, and the operator of several popular trading bitcoincom cryptocurrency exchange poloniex has been bought by circle, Circle is everything Poloniex is not: Its acquisition of the rickety but well-regarded Polo exchange is an indicator of the new world that cryptocurrency traders are being herded bitcoincom cryptocurrency exchange poloniex has been bought by circle, one characterized by more compliance and less securities tokens.
The Poloniex deal gives the Wall Street investment group a major stake in the cryptocurrency game but without getting its hands dirty or reputation sullied. If Circle transforms Poloniex and the exchange prospers, Goldman Sachs profits. Now the pendulum bitcoincom cryptocurrency exchange poloniex has been bought by circle swung the other way. The gist of it went something as follows: If Poloniex has been guilty of any misdeeds, they likely pertain to failure to perform full compliance — something the exchange has since introduced.
This is the same type of issue traditional banks have when it comes to scaling. Compliances costs keep multiplying. The other issue Poloniex might need to address is delisting tokens that constitute securities.
Regulatory agencies may demur, but in the eyes of the public, listing securities and failure to perform full compliance are hardly major crimes. The status of crypto tokens which may constitute securities, and thus fall foul of SEC regulations, has been a matter of some debate.
Cryptocurrency exchanges today are virtually unrecognisable from the free and easy days of Mt Gox and Vircurex, when KYC consisted of an email address and passwords were stored in plaintext. Both of those exchanges have since been hacked into oblivion, and many more have fallen by the wayside. Save for major players like Kucoin and Binance — which are beyond the realms of U.
Due to robust compliance procedures, coupled with the transparency that blockchain provides, officials now have greater insight into cryptocurrency users — their personal details, transfers, and trades — than they do of investors from any other financial market.
Thanks to increased regulation coupled with investment from the Goldman Sachs of the world, the future of money looks not so different from the past.
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This feature includes such things as lessons on money management, using indicators, a list of mistakes that inexperienced traders make, and so on.
- Quora Not being only a bitcoin bot but the ability to trade with all the coins in your exchange the continous support of the programmer, ever growing community, adding more more exchange sites all the time is what I' m also considering bitcoincom cryptocurrency exchange poloniex has been bought by circle.
This is because of the vast exposure of the trading platform in the trading market and its immense market penetration. And then they would get excited about the possibilities. The ForexBrokers.