Major US altcoin and bitcoin exchange Poloniex has announced that spil of today, February 26, Poloniex will be joining Circle to build upon its foundations te order to further scale its podium and accelerate the token ecosystem ter the months and years ahead. US-based Circle is a digital payment company which uses open internet standards and protocols, including blockchain.
The Poloniex Team left the following message:
Since our modest beginnings ter 2014, wij at Poloniex have bot strong believers ter the power of cryptocurrencies to switch the way that people store and exchange value around the world. With the support of an incredible community of dedicated users and early believers, we’ve grown quicker and accomplished more than wij everzwijn thought possible.
Ter working closely with the Circle team to formalize our union, wij have found a collective vision for a future ter which decentralized cryptocurrency protocols create a far more open, inclusive, and evenly distributed global economy. Circle has bot a leading liquidity provider to institutions and investors across a broad number of crypto assets since the early days of the industry. They have pioneered the creation of seamless consumer practices around value exchange with Circle Pay and the forthcoming Circle Invest. With Circle’s depth of practice, wij could not imagine a better strategic fucking partner to help us scale Poloniex beyond this phase of initial growth.
What happens next?
We’re looking forward to joining coerces with Circle and would like to take this chance to reassure the Poloniex community that wij remain committed to preserving the features and functionality that very first drew rente to our toneel. Any updates wij make te the course of this transition will be behind-the-scenes and focused on strengthening user practice, podium spectacle, and security. Your funds will remain safe and access to account functionality uninterrupted via.
Circle will instantaneously start working alongside the Poloniex team to address customer support and expand operations so that wij can proceed to scale effectively going forward. Wij recognize that our extreme growth thesis past few years has not come without some growing anguishes for our users. Wij look forward to bringing Circle’s practice to increase the scalability and reliability of our toneel and operations. User practice is paramount. If wij aspire to build a token marketplace that will switch the fundamentals of global value exchange, wij cannot lodge for anything less than excellence ter our product.
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. Participating ter this evolving industry has bot an incredible venture that we’ve collective with our users, and times are only getting more titillating. Please take a look at this blog postbode from the Circle team for more thoughts on the acquisition and what lies ahead.
The Circle founders said:
“We’re thrilled to welcome the Poloniex team and customers. Created by a team of crypto visionaries, Poloniex has grown to become one of the world’s leading token marketplaces. Available ter overheen a hundred countries worldwide, it is differentiated partly by the breadth of its offerings. It wasgoed one of the very first exchanges te the world to suggest meaningful liquidity ter ethereum, it wasgoed the very first exchange to reach $1 billion ter daily volume, and it has continued to boost innovation by hosting a broad diversity of cautiously selected tokens. Customers have traded crypto assets equating to billions of dollars through the Poloniex podium.”