Poloniex closes his doors for US citizens. What do you think about it and future of Poloniex? Also they made 0% fee for all spot trading to the end of year. It seems that their business is not going very well in last days.
The future is bleak for Poloniex. Not only this exchange has fallen off the radar for the past many months and now this another blow that it is officially leaving the huge USA market for good. Where its eyes will be focusing from now on is something we will watch. I am sure that this decision comes with a heavy heart but people observant of the things happening in the crypto space of the USA know that this is forthcoming. The USA market is now under the control of regulators and the burdensome regulations are placing strong pressure to existing exchanges to comply or start packing up. Poloniex chose the easier way but can lead to its eventual oblivion.
I hope they can choose the path taken by Binance and overhaul their marketing department aside from introducing many innovative features to attract more traders to its side. I am now wondering: Can this be the end of Poloniex or will there be a Phoenix which this exchange is hiding on its sleeves?