On 13th July 2018, Circle, a peer-to-peer payment technology company, officially announced the launch of Poloniex mobile app. Poloniex is an exchange platform where users can conduct transaction across the world in various digital currencies. The Circle team’s official Medium page notified:
“In our effort to deliver the best possible experience across all platforms, we’ve acquired the best-in-class Poloniex app for iOS and Android! This app will now be the only officially supported Poloniex app in the App Store and Play Store.”
At press time, the Poloniex mobile app has reached over 10,000 installations [Play store stats-Android].
The partnership between Circle and Poloniex occurred in the month of February. This partnership produced a number of positive attributes, some of them are:
- Circle introduced customer support, compliance and many technical operations in order to strengthen the existing product and platform. With this collaboration Circle focused on scalability, reliability.
- The firm [Circle] aimed at scaling Poloniex through market expansion and localization. The tie-up focussed on improving the fiat currencies such as USD, EUR and GBP connectivity.
- Due to the increasing customer base of Poloniex, the partnership aimed at enhancing the features and services of trading.
Just after the association between Poloniex and Circle was announced, Poloniex’s fees dropped by 0.1% emphasizing the efficiency of the ‘fee structures’. With the launch of Poloniex Mobile App which trades more than 65 altcoins, investors now have a greater advantage.
This launch led to mixed responses in the market.
Dr. Shill, a Twitter user said:
“Pepperidge farm remmembers when you were a nice exchange… When had a trollbox and no KYC… Those were the good days, good days are gone…”
Mian Kmaran, another Twitter user commented:
“I think you should add some coin if you want to improve the exchange faster.”
Subscribe to AMBCrypto’s Newsletter
Thailand’s National Stock Exchange venturing into the cryptocurrency space
Bitcoin [BTC]: Futures Contracts and ETFs will see developments in 2019 says VanEck director
Ripple’s regulatory relations director asks for ‘a leveled playing field’ in terms of XRP regulations
MiningSky: The Future of Blockchain Cloud Mining Platform
Roger Ver: Bitcoin Cash [BCH] in 2019 is Bitcoin [BTC] as it was originally intended
Bitcoin [BTC]: A piggybacking Proof-of-Proof blockchain has almost 20% of Bitcoin’s daily transactions
Ripple’s xRapid customer SendFriend will go live by Q1 in 2019, says CEO David Lighton
Venezuelan government decrees crypto operators to pay taxes in cryptocurrency
Bitcoin SV [BSV] emerges as top gainer with 11% growth; Tron [TRX] continues massive fall
XRP reaches Australia as FlashFX adopts Ripple’s cryptocurrency
Stolen Ethereum-based tokens transferred to Binance and other top exchanges
Cryptocurrency trading platforms will be inspected by Bulgarian National Revenue Agency
Bitcoin [BTC] block halving is 66% complete; next block halving in 495 days
- Press Release
LTO Network partners with BitMax.io for token listing and exchange services