Poloniex Spins Out From Circle to Form New Exchange Not Available in US

[Zed0X]

This is kind of a good news for me. Poloniex really lost a lot of its customers and this move to cater to the global community might bring them back to the success they once had. I don't mean to say overthrowing Binance but to atleast get decent volume and be one of the top 5. Aside from spinning out of US stranglehold, they should add more quality coins and tokens and also ease up on the KYC.

United States-based crypto exchange Poloniex is spinning out from Circle to form a new exchange that will not support trading for customers based in the U.S.

The new independent firm, called Polo Digital Assets, will free Poloniex from its parent company Circle, the firm said in an official announcement on Oct. 18. Per Poloniex, this will allow it to focus on the needs of global crypto traders with new features, assets and services to boost its competitiveness in the market.

In a separate blog post, Circle said that Polo received backing from an unspecified Asian investment group.