Poloniex Acquired For Reported $400 Million By Circle Platform – Will Become First US Regulated Exchange

The Circle has been informed as a result of the forward movement of its SEC. It is in the form of a broker-dealer and electronic trading marketplace. One of its actions is very favorable by regulators. It is mentioned that the Circle was the "first and only" company in the exchange space to contact them.

It will not follow the enforcement action on any previous events. According to it, according to an internal circle memo on Poloniex deal the Circle New entity will register with SEC and FINRA. Its Cryptocurrency Platform Circle has acquired the Poloniex Exchange for approximately $ 400 million. It is as per the website https://bitnewsbot.com