Poloniex and Circle Separate Their Ways
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One of the leading bank-backed cryptocurrency fintech companies Circle has separated its way with Poloniex, a cryptocurrency exchange.

An official announcement states, that in an effort to make "a competitive internationally-focused cryptocurrency exchange" Poloniex is spinning out from Circle into a new independent international company.

It also has been reported that Circle will double down on its efforts to develop an open, global and accessible financial system.

"This includes significantly expanding the services we offer that are built around USDC, the market’s fastest-growing fiat stablecoin, and expanding and growing SeedInvest, the largest equity crowdfunding platform in the United States," notes the announcement.

Previously iHodl reported that Circle moved its operations offshore with a new office in Bermuda due to "mounting regulatory pressures in the United States."

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