Poloniex keeps reimaging itself after the acquisition of the Circle app, this time phasing out risky margin trading for the US market. Margin and lending products will be discontinued by the end of the year.
“As part of our effort to continuously professionalize and improve Poloniex, we are delisting several assets and taking steps to remove our margin and lending products for US-based customers,” announced the exchange in a recent blog.
Current users of lending products will see their positions phased out over the coming months.
Poloniex explained its decisions as aiming to comply with regulations and fit into the business mod...
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