Bitcoin Forum

The acquisition of Poloniex by Circle to me is a welcome development to a lot of people especially those with accounts with Poloniex. The first thing Circle has to do is to revolutionised the support system to clear the backlog of support tickets some almost 6 months old.whats ur take on this. U can read about the takeover here https://www.ccn.com/circle-acquires-poloniex-focus-crypto-assets-bringing-fiat-pairs/

Maybe it's good for Polo because now it's dying Exchange with low volumes and no new listings

Poloniex outgrew itself I think. Personally, other than some very long support waits the exchange has always been one of the better IMO.

Hopefully Circle can fix the flaws and add some further functionality.

If it makes things better then why not. It's my first exchange, and i really appreciate its simplicity.

Is this the start of consolidation for exchanges?

I also heard that Poloniex today is playing a very bad game. And in general, the stock exchanges are doing everything just to grab the price of crypto-currencies themselves, it's outrageous, because we tend to suffer from centralized exchanges

yes bro. Inspite of all of its shortcomings it still has the best user interface of all exchanges by a long shot

The old Poloniex is gone, but me thinks this is a change for the better. Hard to imagine things getting worse from here, but I will hold off my reservations until I see something big implemented one way or another.

This is interesting news, but I am not certain if they are good or bad.
Poloniex needs some new blood, that's true. Their support is slow, they need fiat pairs to compete with others, they may need more investments.
But Poloniex was one of the safest exchanges I've been using. If something bad changes in that policy of theirs because of this acquisition it will be unfortunate.

On a bright side, Poloniex knew of this since last year. They announced back then that they will introduce KYC in Q1 2018. Now we know why: because of the fiat transactions. This means that this may be a well-thought step and may be a good one.



I still have a ticket waiting for their answer since 45 days ago. If it'll just get thrown away I won't be too happy...

Wow. This was not expected not by me anyway. I've never used Circle but I remember it because a lot of people used to make 5% or 10% of it for every Circle to fiat conversion (there used to be a small bonus when circle started out).

I wouldn't call it "revolutionizing" the support though. All exchanges just need to learn how to SCALE. Circle will run into the same issues if they don't scale.

It's realy great! Every major bank is probably meeting right now to discuss which exchange they are going to buy up next.

i think every exchange needs to get his game up support wise. lots of exchanges are not ready for the stream of members and coins that want to be added. they are all looking to expand but they should first make sure there currrent coins don't have issue's

Goldman Sachs. That doesn't sound too good.

Why do you think that's great? Unless you're being sarcastic.

Here is what I hope happens.  I hope all the big world banks panic and start offering ridiculous amounts of cash to pick up all the big central exchanges... right around the time we figure out how to get usable decentralized exchanges with high liquidity.  Late to the game again.

I agree that polonecks been a reliable exchange,I don't know what they will make what changes,but I hope that will remain the same is that kind of a good exchange,Bittrex also heard the news type will close access to those who are in the sanctions with America,I hope it's duck news

I stopped using Polo in the begin of 2017, I found at the time Bittrex a way better exchange with more altcoins to my taste.
I hope this will get Poloniex back into the game, it would be a shame to lose such an exchange. I hope they will start listing more coins and grow from there. Also the backlog of tickets needs to be fixed asap. Bad service = bad reputation and with so many exchanges around the customers are not loyal at all.

That is good for all who don't like polo and hope future of the existing will be better than polo with high volumes etc.

I've read it, first thing that came to mind, i have a support ticket nearly a year old, which is under constant "being processed", my fault though.
Let's wait and see.

Poloniex had zero innovation recently. Hope this will change with the acquisition.

Any Polo change is good. They have messed up so many things. They screwed up the Ardor chain bad and still wont fix it properly. So I welcome change and hopefully it is for the better not worse.

I knew something was lost in Poloniex, I saw this coming but my thought was that they are going to go under,  I think the exchange was hacked and they never regain from it,though this was denied several times but we that started with Polo we knew something was wrong. I hope circle will be aable to turn things around for better

We can't figure out a way to decentralize exchanges with FIAT involved. if you have high trading volume, they will find you. Polo is not getting out with your coins, some people think that, they are scamming, they are giving up. they will all give up.
We have a few threads on Bitcointalk, they are acting as usable decentralized exchanges, why do you think that people are competing for being the most trusted escrow?


Everybody likes Polo, they always had the highest trading volume, they just couldn't resist the temptation.

There was a time when it had to be on polo in order to be a successful coin, they should have invested in more staff to keep it as the number one exchange. Now it's all about bittrex and binance with no-one mentioning getting listed on polo. Soon it will be decentralised exchanges so B&B had better stay competitive

I hope after the change Poloniex will solve most of their own problems and it becomes again a good exchange and they list some new and good coins. I'm very curious to see if Circle gets it right and breathes new life into Poloniex.

The drawback of this takeover could be that they can force verification for all account levels now. As they wouldn’t want to get into any legal troubles in relation to KYC.

lets hope tristan agosta or whatever is put in jail after this for causing ruin to so many traders

Poloniex is the best and the biggest exchanges, but because Poloniex exchange in the United States, it is limited by the law, so stop  Poloniex exchange to add the new tokens, lead to a loss of Poloniex users.

I expect that this event will change Poloniex for the better.  We will wait that the technical support service to work faster.  And I hope that more new coins will be appear on the exchange.  In the rest this exchange completely suits me.