I'm amazed at their continued fall from grace since then. I thought Circle buying them out would the beginning of their resurgence. Now it just looks like they bought a dying exchange and ran it into the ground. After this margin lending fiasco, I don't see how people can keep trading there.
My theory is that they're just placeholding for now. They don't really care about investing too much in it or their present users. Circle's occasionally spouted off about tokenising everything which requires an exchange.
However they may find that if this plan ever comes to fruition no one's going to want to go anywhere near Poloniex.
That's the thing -- wasn't the purpose of buying them to leverage the brand? Letting the brand go to shit seems like a good way to shoot themselves in the foot. Placeholding made sense over a year ago but my guess is they've run into unexpected regulatory snags that have piled on the delays. I can't imagine things are going as Circle planned.
