Tag: Poloniex

Poloniex Acquires Low-Volume TRON DEX TRXMarket

The overall use of decentralized exchanges, or DEXes, is noteworthy. Poloniex acknowledges this trend and decided to acquire TRXMarket.  Contrary to what some think, most DEXes are not completely decentralized. Poloniex Scoops up a Competitor More often than not, they are still run by a handful of team members overseeing coin listings. Otherwise, it would not have been possible for Poloniex to acquire TRXMarket in any way. This TRON-based DEX …
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Poloniex Becomes an Independent Company Again Following Circle Spinoff

A lot of things change behind the scenes of the cryptocurrency industry. Poloniex, only recently acquired by Circle, is now being spun off into a new company by the name of Polo Digital Assets, Ltd. It is a surprising turn of events, as it seems the focus of the exchange will shift as well.  Poloniex Spins off Given how surprised most cryptocurrency enthusiasts were when Circle acquired Poloniex, it was …
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New Poloniex Fiat On-ramps Don’t Impress the Crypto Community Right Away

In the cryptocurrency world, finding a proper exchange is not as easy as one might think. Especially if that trading platform in question offers a fiat on-ramp, there is some reason to be mildly excited. In the case of Poloniex, however, the recent addition of a new fiat currency on-ramp might not necessarily get too many people excited right away.  The new Poloniex Fiat On-ramp According to a recent Twitter …
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CLAM Market Crash Costs Poloniex’s Bitcoin Lenders 16.202% of Their Balance

Margin lending is a very risky business, regardless of which industry it is performed in. As far as cryptocurrency margin lending is concerned, things are bound to get interesting, albeit not always for the right reasons. Users who had active margin loans on Poloniex a while ago will see a 16.2% haircut. The reason is simple: the CLAM market collapsed for no real reason. Blame CLAM for Major Losses As …
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