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RE: Circle Acquires Poloniex for $400 Million
QOTD: What has your experience been like with Poloniex in the past? Are you excited to see what Circle does with the exchange? Do you think it could compete with Coinbase?
Thanks for the news update.
I’ve heard so many negative feedbacks from Steemians that I didn’t bother verifying my account. Also it needed a webcam to live KYC or something thus I didn’t do it.
Interested to have one but I’ll wait for more people to use it first under new ownership. But what a great deal for the original guys to have sold it. I mean they couldn’t manage it well and couldn’t keep up with the rapid growth of users so what a good business deal to have sold it.
Thanks for reading @danielwong! Yeah, I had a horrid experience using Polo. It started off just fine, I got verified early on and didn't have any of those KYC issues. But when I started withdrawing money, wallets were constantly under "maintenance" and I had to wait weeks to get certain coins into my external wallets. Hopefully the service will be much better this time around, I look forward to seeing what the Circle team brings to Polo.
It is a great exit imo, they got a ton of money for a very young company that was destined to go out of business due to their inability to handle growth. Users have been dumping Polo like crazy!