Poloniex Halts Margin Trading For US-Based Customers, Delists Three Assets

Wed, 10/03/2018 - 20:52
Alex Dovbnya
The Poloniex exchange has announced it will remove margin trading by the end of 2018. The exact date of when it’s going to happen is yet to be specified
Cover image via U.Today

The Poloniex exchange has just announced that it will have removed margin trading by the end of 2018. The exact date of when it’s going to happen is yet to be specified. The reasoning behind this decision stems from the necessity to fully comply with regulatory requirements in different US jurisdictions, according to their blog post. All existing margin positions will remain open.

On top of that, the exchange will remove three assets (AMP, EXP and GNO) in an attempt to “professionalize” its service. The coins are to be delisted on Oct. 10, and their holders have to withdraw them until Nov. 9 (those who fail to meet this mandatory deadline will have their assets decommissioned).

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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