Poloniex platform shuts down some services for US-based users

Posted 04 October, 2018

US-based Poloniex will shut down marginal trading and lending service for US-based traders till the end of the year.

The company stated:

"As part of our effort to continuously professionalize and improve Poloniex, we are delisting several assets and taking steps to remove our margin and lending products for US-based customers."

As the company blog post reads, Poloniex is doing its best to comply with the regulation in every jurisdiction. It was stated that the exact dates when these measures may come into force for the USA will be announced in the near term.
 
Speaking about the current loans, Poloniex representative said that they will be kept opened providing position funding with interests within the whole period that has been determined earlier.

In addition, the platform will also delist three cryptocurrencies.

"We are also announcing that on October 10th at 12:00 pm ET we will be delisting three assets: AMP, EXP, GNO...Once the withdrawal deadline has been reached (November 9th at 12:00 pm ET), withdrawals will be disabled and the asset will be fully decommissioned," according to the statement.

Notably, all positions on the above-mentioned coins must be closed before October 10. After that, users will be able to withdraw coins to third-party wallets within 30 days.

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