Circle set to eliminate margin, remove three tokens from its exchange

Circle is ending margin lending for U.S. customers on its Poloniex exchange by the end of the year. The move, it says, is part of the firm's "ongoing commitment to ensure that Poloniex complies with regulatory requirements in every jurisdiction." In addition to the sunset for margin, three tokens will no longer be listed beginning a week from today, October 10. Those cryptoassets, Synereo (AMP), Expanse (EXP), and Gnosis (GNO) will no longer be traded on Poloniex, but customers will have a month to take control of the assets. Circle, founded five years ago, is one the leading players in crypto finance. It acquired the Poloniex exchange in February of 2018. (Source: Circle)

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John Biggs is an entrepreneur, consultant, writer, and maker. He spent fifteen years as an editor for Gizmodo, CrunchGear, and TechCrunch and has a deep background in hardware startups, 3D printing, and blockchain. His work has appeared in Men’s Health, Wired, and the New York Times. He runs the Technotopia podcast about a better future. He has written five books including the best book on blogging, Bloggers Boot Camp, and a book about the most expensive timepiece ever made, Marie Antoinette’s Watch. He lives in Brooklyn, New York. Disclosure: Biggs owns and maintains cryptocurrencies in a private account and has been consulting with startups regarding blockchain-based products. He also edits and writes for startup clients.

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