Anyone use Poloniex recently, after they were purchased by Circle?

[DaveF]

I posted in another thread yesterday:
Their support is still terrible.
Their fees are high.
Their exchange rates are average at best.

Circle better get of their asses and do something.

-Dave

[1Referee]

Even weirder regarding Poloniex is I thought Circle were putting together their own stablecoin about which nothing has been heard since it was mentioned.

I think they realized that they won't ever be able to reach USDT's global penetration level and for that reason refrained from launching their own coin, which we should be happy with, especially with how we're seeing these 'stable coins' pop up more frequently nowadays. Bittrex and Binance have listed both USDT and TrueUSD, which is retarded. How many of this garbage does an exchange need?

USDT (and basically all other fiat backed stable coins) is the perfect 'scam' with how you (as issuer) for sure know that at least 50% will never be converted back to fiat since it's needed to provide liquidity to exchanges as Binance, OKEx, Huobi, Bitfinex, etc.

[pinkflower]

The exchanges that listed USDT for their traders' fiat trading needs are there because they dont have the licenses to open real fiat trading. I think Circle has different plans for Poloniex. The may want to get all the licenses and convert Poloniex into an exchange that has real fiat and cryptocurrency trading like Coinbase.

[gentlemand]

The exchanges that listed USDT for their traders' fiat trading needs are there because they dont have the licenses to open real fiat trading. I think Circle has different plans for Poloniex. The may want to get all the licenses and convert Poloniex into an exchange that has real fiat and cryptocurrency trading like Coinbase.

Then I don't really understand why they didn't stick with the Circle brand. When they were selling there were hardly any complaints that I was aware of. Why they'd lay out several hundred million dollars for a now minor exchange that everyone hates is beyond me.

It would've made sense if they were fully licenced and ready to roll but I would presume Circle themselves were in a better state compliance wise.

[pinkflower]

The exchanges that listed USDT for their traders' fiat trading needs are there because they dont have the licenses to open real fiat trading. I think Circle has different plans for Poloniex. The may want to get all the licenses and convert Poloniex into an exchange that has real fiat and cryptocurrency trading like Coinbase.

Then I don't really understand why they didn't stick with the Circle brand. When they were selling there were hardly any complaints that I was aware of. Why they'd lay out several hundred million dollars for a now minor exchange that everyone hates is beyond me.

It would've made sense if they were fully licenced and ready to roll but I would presume Circle themselves were in a better state compliance wise.

Yeah but we dont know really what their real roadmap is for Poloniex. But if you ask me, it would be more compliance, more delistings of ICO scams and legal compliance to list security tokens like XRP lol.