Poloniex Exchange will be divested from Circle and will no longer serve US users

On Friday, Poloniex and Circle officially published an article saying that the cryptocurrency exchange Poloniex will be stripped from its parent company, Circle. According to the article, Poloniex will now belong to Polo Digital Assets, Ltd., an independent international company supported by Asian investment companies. The trading platform also stated that it will no longer provide services to US customers. US residents must withdraw their assets on the platform by December 15, 2019, and the transaction will be suspended on November 1, 2019. Poloniex said the company "has a long-term plan to spend more than $100 million to develop and expand its platform," and as part of the promotion plan, it will also reduce transaction costs between October 21 and December 31, 2019. To 0%.