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

  • Alex Dovbnya
    📰 News

    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


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

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) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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