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RE: Circle buying Poloniex and why it's making STEEM price go down temporarily.

in #bitcoin7 years ago

I was really worried, given the poor customer service, that this was a sign of really poor management and that poloniex was going to get hacked or have some sort of meltdown. This would have sent the cryptomarkets into a tailspin given poloniex is such a large exchange. I am more positive now with the new management.

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I'm really glad your worries did not turn out to be true. I can only imagine how badly this would have hurt the entire crypto community.

The new management certainly has a big job with improving the reputation of the exchange, but I'm sure it can be done. While I'm not a big fan of the exchange right now, I certainly wish them well, and hope they are able to succeed with their mission to improve :)

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