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RE: Spotlight on Poloniex: Simplex - Poloniex's Entry Point for Fiats
@jehoshua-shey, It was a good read and learnt lot truly. I too agree with you this ..
My opinion on Poloniex partnering Simplex is that they are trialling the inclusion of fiats on their platform. If this works so well, there is a possibilty that we might see Poloniex list fiat currencies on their platform.
Unavailability of fiat trading is one of the disadvantage of Poloniex compared to other leading exchange. They need to overcome this issue very soon to challenge other leading exchanges to regain the reputation.
Yes friend. I strongly believe Poloniex's new Asian owners are aware of this. You can be sure they're doing all that is needed to be done to regain Poloniex's reputation. Partnering with simplex is one step in the right direction. The number of fiat currencies on offer is just amazing. They even have an fx option. If one's currency is not listed, one can go ahead and buy in another listed currency. It will incur fx charges though.
#affable