Poloniex Exchange removes margin and lending products for US customers

BillyBobPimpton 2019-11-01 21:10:41 UTC #1

As planned, Poloniex Exchange says goodbye to the US.

I smirked at bit at this line in the press release.

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.

We want to be more professional, so no US customers. Ha!

Dogrel331 2019-11-17 10:39:01 UTC #2

And what does that mean that they will go offshore ? Something really bad with that ? Or it’s even far worse than it actually is ? Do let me know that please. I do want to get it going. Something like US authorities start cracking on crypto or what ? Do make it undertstandable.

BillyBobPimpton 2019-11-18 00:24:57 UTC #3

Not necessarily. If you feel safer with the regulations of the US behind an exchange, you can still use Kraken Exchange to margin trade. So it’s not a complete loss.

Now if you just want to buy and hold cryptocurrencies, there are plenty of US-based exchanges and companies you can work with.

BillyBobPimpton 2019-11-18 00:27:54 UTC #4

Looks like eToro is also open to US clients of many states, as of November 2019.