Topic: Poloniex will become great again! - page 5. (Read 1737 times)

I agreed with you. It happened for many exchanges, years ago, Chinese exchanges moved to other nations due to regulations in China. Maybe, we might soon see movements of Poloniex and other US-based exchanges. Even on US-based decentralized exchanges, like Crypto Bridge, users have to do KYCs, that is a big surprise, if we simply talk about core purposes of decentralized exchanges. However, I have a feeling that it is just temporary choice, sooner or later, regulations will become stricter, globally not only in the US. However, moves to other nations, and become great again is not too bad option for current period. In addition, strict things don't make thing worst, instead make things better, in long run; therefore, I believe in the US. and Poloniex.

The regulation of the US is very strict, this is a bad news for the users, maybe it's time for them to consider transferring to other countries which are crypto friendly. I believe Binance is now operating in Malta, maybe following the action would result them an increase of customers and maybe they will be great again. I really believe that people wants an exchange where they can choose whether they will submit for KYC or not, and Binance offered that kind.

Update:


1/ On Wednesday, May 29th, at 16:00 UTC, the markets for ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP will be disabled for Poloniex customers in the US. All assets remain available for trading to customers outside the US. [1]

2/ We are committed to complying with regulatory requirements in every jurisdiction. Today’s action is a result of regulatory uncertainty in the US market. Specifically, it is not possible to be certain whether US regulators will consider these assets to be securities. [2]

3/ We understand how frustrating this choice is for our customers and for the crypto community. We believe in the power and potential of these assets, and will continue to focus time and energy on supporting positive policy and regulatory developments for crypto assets. [3]

4/ Recent guidance from US regulators on what crypto assets would be deemed securities has led to these actions. We don’t agree that they should be considered securities but need to ensure we are in compliance with US law. [4]

5/ Our view is that digital assets represent a fundamental new class of financial instrument that defies simple classification as security, commodity or currency. Many digital assets occupy one, two, or all three depending on their context and use. [5]

6/ We need policies that encourage development and use and the creativity of technologists and builders all around the world. We will continue to push for rules specific to digital assets globally. [6]

7/ For many crypto assets, classification as a security under US law would effectively destroy its utility.  We need to come up with ways to enable the utility while addressing fundamental investor protection risks like fraud and theft and custody. The industry has solutions. [7]

8/ Crypto and digital asset innovation will continue, but without a new regulatory environment, people and businesses in the US may not be able to participate in these transformative technologies. We will continue to advocate for changes to US law and regulations. [8]

Sources:
[1] https://medium.com/circle-trader/poloniex-to-stop-offering-trading-of-9-assets-to-us-customers-all-assets-remain-available-to-b4c5703c0e9
[2] https://twitter.com/Poloniex/status/1129100346532552706
[3] https://twitter.com/Poloniex/status/1129100666679496706
[4] https://twitter.com/Poloniex/status/1129169914776784896
[5] https://twitter.com/Poloniex/status/1129169915666206721
[6] https://twitter.com/Poloniex/status/1129169916693819392
[7] https://twitter.com/Poloniex/status/1129169917448790016
[8] https://twitter.com/Poloniex/status/1129169918186930176

I also look forward to that. Also because Poloniex is truly the best exchange that has ever existed before the existence of binance

Long time ago, I don't see lags on Poloniex since the terrible period of crypto Spring in early of 2017. Then, they enhance their security for customers, and now we have see their initiatives to bring passive income for their users, with the first two are Cosmos and Stellar. Maybe more things to come as options for earning passive income on Poloniex. Especially within the last three months, I have seen so many changes on the Poloniex, that has brought lots of hope for Poloniexers to see they become great again, back to top exchanges.

Poloniex could try to rise again after it's on the behind of bittrex and binance. Poloniex can be a competitor for bittrex and binance, but poloniex needs to solve their problem first so they can get a stable exchange. But now, I see that poloniex has already fixed many problems in their site and I hope that they can maintain this so they will get more traders to come back to them.

It is last few hours till the delists of mentioned coins in above posts (that I took from Poloniex site), so someone whom have those delisted coin on Poloniex on 17th May, please remove coins out of Poloniex before the delisting time. To avoid losses, to avoid complaints. There are significant things done for Stellar on Poloniex, that probably related to recent rises of Stellar. There is the latest news on Stellar inflation rewards on Poloniex: https://medium.com/circle-trader/announcing-stellar-inflation-rewards-for-eligible-poloniex-customers-a6c181fd1a93. After ATOM, Stellar is the second one will bring passive income for Poloniex users, and another good movements to make Poloniex great again!

Poloniex has even moved further with Cosmos by allowing staking with Cosmos. Additionally, I like the approach of Poloniex to focus on their internal upgrades (security, for instance) rather than running follow common things of Chinese exchanges. Not only Bittrex, Binance has its own troubles by leaks of their customers' APIs several times. Even they paid compensations for their users, it is actually reputation damage for Binance.

---

Today, I updated OP with links to Poloniex and Circle Twitter channels.
Poloniex's Twitter: https://twitter.com/Poloniex
Poloniex's Blog: https://medium.com/circle-trader
Circle's Twitter: https://twitter.com/ResearchCircle
Circle's Medium: https://research.circle.com

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There's a void now, Bittrex has demolished their reputation through very poor management/filtering of their exchange hosted IEOs. Both Coinbase and Bittrex have done quite a bit of damage to themselves this year, it's Circle's opportunity and chance to take advantage of the situation and rise again.

I've been trading on Polo since the first week it was launched with NXT and had a minor correspondence with Tristan at one point while Coins Source was a thing. Always been a big supporter, but recently that support has faded.

Poloniex has become active again, after several months (or years) of inactivity. Poloniex was a thing under Tristan's management, but now it's all in the hands of the Circle team (whom i really never had great sympathies for). From what i've seen recently, they've made a big push to connect with their core audience and begin innovating/attempting to lead the way with creating the best experience for traders. I like what you guys are trying to do here and have nothing but support for your endeavors atm.



Also, big thumbs up from me for supporting Grin and listing Cosmos before most other bigger exchanges.

Bittrex was big too, but here is a thing, cryptocurrency market is moving, there are a lot of new trends and ideas, but polo dont support them, i mean IEOs, new listings. Marketing is most importaint thing for exchange, it would be difficult to counter Binance, Huobi, etc.

i stopped using both bittrex and poloniex since they put the obligatory kyc, poloniex was good for lending, now i use binance which is just as good if not better...

No doubts Poloniex was one of the greatest exchanges. And I began on it. But I went off after some strange account's blocks. And now Poloniex can dream only about liquidity that was in early 2017. Without volumes and solid steps, it has no chances. Mobile apps don't solve this. Too late

More popular exchanges usually are better exchanges. Better in different things, their volume, their supports, their compensation for users in worst cases, and their user experience on their sites. However, big exchanges can also be broken and won't be able to come back. Who knows, so be careful all the time is important, and should not totally depend on exchanges with all of our funds.

Poloniex has always been a regulated exchange with a clear history maybe because it is us based. It is still one of the best exchanges to me. Other exchanges are just more popular not better.

Have you ever use the BTC price Alert with Poloniex app? If not, you should give it a try, since today, especially during bull run of Bitcoin. Price moves up so fast, so it actually requires price alert to keep you updated with price movements, if you don't have time to keep watching price chart, and stay in front of computer screen most of your daily time. The exchange also finished their maintenance with Stellar wallet hours ago, that results in nearly instant deposits and less than one-minute withdrawals. That's amazing maintenance, and there are more features coming with Stellar (as Poloniex disclosed with their Tweet).

Source: https://twitter.com/Poloniex/status/1128284330202103808
https://twitter.com/Poloniex/status/1128000001274048514

I hope they are serious about improving everything, if they make it difficult for users again as before, then it is certain they will die soon, too many great exchanges.

They can't do that for once again. People who have ever got problem there, would not waste their time to use that platform while they are a lot of high reputable exchanges already. No chance for Poloniex to be the best again.

I hope they really get themselves back to the top list again, cause this time around there are lots of people who no longer have interest in them, some of their traders that they have wronged due to their bad services in the past when the platform was turning to something else, and all these people have moved to other exchanges they believe are better and getting them to come back to their old trading platform is going to be a problem cause they no longer have nay interests there.

Unless there will be something very unique that will attract them back again. Let's see what happens, I know they working for sure, it's not easy to manage an exchanges, it's a difficult job to do.

poloniex era has gone, i am skeptical the exchange will ever rise from the pit again, they had the chance to remain at the top before the emerge of binance, it will be a miracle or a total reformation and good marketing for poloniex to be great again.

I hope their plan can be successful, I think the mistake of Poloniex is that it's too slow to accept new coins or tokens so they are left behind by devs, investors and traders.