Poloniex spins out to Polo Digital Assets

Today I received an e-mail from Poloniex that my account is frozen and they are re-organizing into a new company that will separate from Circle Financial. Here is the text of this e-mail:

Hello Poloniex Customer,

We’re emailing to notify you that Poloniex will be spinning out from Circle into a new company called Polo Digital Assets, Ltd. As a result, your account will be transferred to the new company and remain frozen. No action is required by you at this time.

A few things to note:
– Your login credentials will stay the same
– How you access the Poloniex site will remain the same

As part of the spinout, Circle will cease all trading operations for Poloniex US customers on November 1, 2019. As a non-US customer, there is no action for you to take at this time.

The full announcement can be found here and our Customer Support team is available to answer any questions you may have. Visit our Help Center or reply to this message and we will get back to you quickly.

Circle Financial must have learned the regulatory environment for crypto in the United States is tough, so they’ve decided to let Poloniex go its own way.

Click here for more of my posts on Poloniex.