Poloniex Exchange, Circle Inc Buys Crypto Exchange

A few weeks ago, the Modern Overeenstemming webstek published an article telling that a negotiation inbetween Poloniex and Circle had bot concluded. M any rushed to describe it spil Fake News due to the lack of confirmation from the involved parties and even an apparent denial according to consultations made by journalists. But, it seems that Poloniex exchange has bot acquired by Circle Inc. Read on to find out more.

However, ter the official press release they suggested the idea that the purchase negotiations had bot going on for several months, which suggests that the teams were not astonished and that news of the purchase could potentially be beneficial for all users, since there may be an advanced work inbetween both companies for the development of services based on Circle’s vision.

“We also look forward to scaling Poloniex up and out through market expansion and localization, enhancing token listings where possible and suitable, and exploring the fiat USD, EUR, and GBP connectivity that Circle already brings to its compliant Pay, Trade, and Invest products. More on thesis efforts to come.”

Circle is a $140 million company backed by venture capital from investors including Goldman Sachs, IDG Capital Vrouwen, Breyer Capital, Accel Vrouwen, General Catalyst Playmates, Baidu, CICC Alpha, EverBright, WangXiang, and CreditEase. And with a transaction of approximately $400 million dollars (according to gegevens provided by Fortune tv-programma about the acquisition) , it can be noted that the potential represented by the Poloniex exchange acquisition is taken fairly earnestly te order to consolidate their vision of building a global market for exchange and payments with Tokens. Poloniex mobilized te the last 24 hours a total of 64,937,380 USD.

The acquisition would not only strengthen Poloniex spil an exchange but also waterput Circle ter a competitive market position, posing a ongezouten threat to Coinbase’s presence spil a leading company ter the sector, and being able to overthrow the ranks occupied by other large companies such spil Binance, Bittrex, and Kritiseren (which had recently shown some operational problems).

According to the press release published on the Poloniex exchange webstek, users do not have to worry about policy switches. Their activities will remain exactly the same without any kleintje of interruption or last-minute switches, so the user practice will remain the same until improvements are made by the minds behind Circle. Not only is Circle expected to grow te credibility and profit, but the Poloniex team expects the same to toebijten with this famous exchange house.

“Looking to the future, wij are excited to work with Circle to localize our product ter more geographies, to explore options for fiat connectivity across major world currencies, and to proceed providing our users with access to innovative token projects that extend cryptocurrency protocols to fresh use cases.”

So far the opinions ter social media have bot positive and expectations are fairly high.

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