Bye bye to poloniex as we know it - page 2.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

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Quote from: onyebuchi81 on February 26, 2018, 02:21:51 PM

The acquisition of Poloniex by Circle to me is a welcome development to a lot of people especially those with accounts with Poloniex.
...
U can read about the takeover here https://www.ccn.com/circle-acquires-poloniex-focus-crypto-assets-bringing-fiat-pairs/

This is interesting news, but I am not certain if they are good or bad.
Poloniex needs some new blood, that's true. Their support is slow, they need fiat pairs to compete with others, they may need more investments.
But Poloniex was one of the safest exchanges I've been using. If something bad changes in that policy of theirs because of this acquisition it will be unfortunate.

On a bright side, Poloniex knew of this since last year. They announced back then that they will introduce KYC in Q1 2018. Now we know why: because of the fiat transactions. This means that this may be a well-thought step and may be a good one.

Quote from: onyebuchi81 on February 26, 2018, 02:21:51 PM

The first thing Circle has to do is to revolutionised the support system to clear the backlog of support tickets some almost 6 months old.whats ur take on this.

I still have a ticket waiting for their answer since 45 days ago. If it'll just get thrown away I won't be too happy...

aintnopassincraze

full member

Activity: 233

Merit: 106

The Operating System for DAOs

The old Poloniex is gone, but me thinks this is a change for the better. Hard to imagine things getting worse from here, but I will hold off my reservations until I see something big implemented one way or another.

onyebuchi81

full member

Activity: 308

Merit: 100

Quote from: Grim149x on February 26, 2018, 02:37:58 PM

If it makes things better then why not. It's my first exchange, and i really appreciate its simplicity.

yes bro. Inspite of all of its shortcomings it still has the best user interface of all exchanges by a long shot

trudovik

member

Activity: 546

Merit: 10

I also heard that Poloniex today is playing a very bad game. And in general, the stock exchanges are doing everything just to grab the price of crypto-currencies themselves, it's outrageous, because we tend to suffer from centralized exchanges

sparkystacey

jr. member

Activity: 58

Merit: 4

Is this the start of consolidation for exchanges?

Grim149x

full member

Activity: 854

Merit: 100

If it makes things better then why not. It's my first exchange, and i really appreciate its simplicity.

sjj_kleros

newbie

Activity: 124

Merit: 0

Poloniex outgrew itself I think. Personally, other than some very long support waits the exchange has always been one of the better IMO.

Hopefully Circle can fix the flaws and add some further functionality.

seo-maestro

member

Activity: 420

Merit: 15

Maybe it's good for Polo because now it's dying Exchange with low volumes and no new listings

onyebuchi81

full member

Activity: 308

Merit: 100

The acquisition of Poloniex by Circle to me is a welcome development to a lot of people especially those with accounts with Poloniex. The first thing Circle has to do is to revolutionised the support system to clear the backlog of support tickets some almost 6 months old.whats ur take on this. U can read about the takeover here https://www.ccn.com/circle-acquires-poloniex-focus-crypto-assets-bringing-fiat-pairs/

Topic: Bye bye to poloniex as we know it - page 2. (Read 223 times)