Backed by $140 million in venture capital from investors including Goldman Sachs, Bitmain and many more, crypto-platform Circle has announced its cryptocurrency exchange Poloniex will limit trading of nine altcoins for clients in the U.S.
According to an official statement, the reason behind such a limitation is "a result of regulatory uncertainty in the U.S. market." Hence, from Wednesday, May 29th, at 16:00 UTC, the markets for ardor (ARDR), bytecoin (BCN), decred (DCR), gamecredits (GAME), gas (GAS), lisk (LSK), nxt (NXT), OMNI (OMNI), and augur (REP) will be disabled for Poloniex customers in the U.S.
"We believe in the power and potential of these assets, and will continue to focus time and energy on supporting positive policy and regulatory developments for crypto assets in the US and around the world," notes the announcement.
Back in January, during an AMA session, the Head & Co-Founder of Circle, Jeremy Allaire, said that bitcoin (BTC) will become much much larger and more broadly adopted.
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