U.S. cryptocurrency exchange Poloniex has launched a dedicated offering for institutional traders, the company announced in a blog post Dec. 4. Poloniex, which merged with financial services company Circle in February this year, currently ranks 47th in the world among crypto exchanges by trade volume. The exchange joins an increasing array of operators looking to service the institutional market, a segment of cryptocurrency traders commentators have tipped to become a major force behind shoring up asset prices next year. “Institutions large and small can enjoy the benefits of our large curated selection of crypto asset trading pairs, dedicated support and …

U.S.-based cryptocurrency exchange platform Poloniex will remove margin and lending products for its customers in the U.S and delist three digital assets, according to an announcement published October 3. Poloniex is a cryptocurrency trading platform founded in 2014 and designed as a digital-currency-to-digital-currency exchange. In 2018, Poloniex was acquired by Dublin-based payments technology firm Circle for $400 million. Currently, Poloniex is ranked 38th by the adjusted trading value, according to CoinMarketCap. According to the statement, the exchange will remove its margin and lending products for U.S.-based customers by the end of this year. Poloniex explains that the move has been …

Has the cryptocurrency exchange which you typically trade on already been hacked? If not yet, this is highly possible. Centralized exchanges, which Vitalik Buterin wished would “burn in hell,” can manipulate users' funds and face regular attacks, while decentralized ones seem to have not yet found a balanced compromise between security and usability. At the same time, the experience of traditional banks in ensuring cybersecurity is still not in demand within the crypto industry, which leads to users’ millions of dollars theft or data breach, like in an incident happened to Atlas Quantum account owners on Aug. 25. The top …

On July 25, the Department of Justice (DoJ) showed its interest in Poloniex — a Delaware-based cryptocurrency exchange platform — in a rather unexpected fashion: Chief Special Investigator of the Investor Protection Unit (IPU) Craig Weldon emailed a number of Poloniex users, asking them to respond if they have any difficulties with their account. The request wasn’t unjustified as, over the past few months, the exchange’s social media and support center accounts have been besieged by users who have been locked out of their accounts. Now, the DoJ has reached out to Delaware-based investors for further action. Brief introduction to …

Poloniex cryptocurrency exchange has apparently piqued the interest of the Investor Protection Unit of the Delaware Department of Justice (DOJ). As shown in an email shared with Cointelegraph, the Chief Special Investigator of the Investor Protection Unit (IPU) wrote to a list of individuals, asking them to contact him should they have any difficulties with their Poloniex account. The IPU is part of the Fraud and Consumer Protection Division, which protects the public from securities fraud, consumer fraud, and other forms of white collar crime. The IPU is specifically responsible for enforcing provisions of the Delaware Securities Act and the …

Peer-to-peer payments platform Circle Internet Financial Ltd., is pursuing both a federal banking license with the Office of the Comptroller of the Currency (OCC) and registration as a brokerage and trading venue with the US Securities and Exchange Commission (SEC). The news comes from a Bloomberg report today, June 6. Robert Bench, COO of Circle -- which was partly funded in an investment round by Goldman Sachs -- told Bloomberg that obtaining a banking license would cut down on the amount of regulators the platform needed to work with: “You’re able to have a single conversation. It’s hard to have …

Users of cryptocurrency exchange Poloniex were making complaints about account “freezes” May 27 after completing mandatory new identity verification procedures. Account holders on social media claim that after confirming their identity, they receive notification that they may now continue trading, but their previously-functional account is now blocked. The problems, which Poloniex has not appeared to specifically acknowledge, began the same day the exchange issued notice to users demanding they link their identitity with their account. “We are asking all legacy Poloniex customers who have not provided full identification information in the past to do so now through the Poloniex profile …

Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest that makes it easier for “newbies” to enter the market. The feature, dubbed “Buy the Market,” gives customers the option to invest in all listed coins at once, rather than having to decide between coins individually, according to a Bloomberg report Tuesday, May 22. The app splits their investment – which can be as little as $1 – according to the coins’ market capitalization weightings. The seven supported coins in Circle Invest are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic …