Poloniex: Now No Margin Trading For US Residents, No Three Coins For Worldwide Users

Poloniex Trading Upgrade

Recently Poloniex has been acquired by Goldman Sachs-backed Circle. In this regard, the crypto exchange decided to implement new restrictions since it has obtained a lot of pressure from the regulators of the USA lately.

These restrictions include:

  • Ban on margin trading for citizens of the States;
  • Delisting of three coins: AMP, EXP and GNO tokens.

Poloniex commented on new rules saying that this measures are taken to comply with “regulatory requirements in every jurisdiction”. Once the coins are removed, on October 10, the customers may withdraw any balances in next 30 days. All the trades will be closed on November 9 at 12:00 ET.

Poloniex assured every customer that they were doing every effort to make the transition much smoother.

Earlier, Poloniex has delisted nine coins which was also the action to meet the requirements of the Circle Asset Framework, as well as added EOS to its exchange.

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