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].
Poloniex Exchange official tweet about the launch of Poloniex mobile app | Source: Twitter
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.”
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