Poloniex Latest News
Of all the famous and well-known exchanges that exist in the cryptocurrency world, Poloniex has always been something of an outlier. Despite having enviable brand recognition (anyone who has been around crypto long enough will nod yes when asked if they know Polo), Poloniex has managed to remain waiting in the wings while other exchanges have gone to greatness.
Poloniex’s rise was crowned by a buyout that took the crypto world by storm — in 2018, Circle, a company backed by funding from the likes of Goldman Sachs, bought Poloniex in a $400 million deal. The shocking price tag was equaled by an audacious mission to make Poloniex the first fully-regulated cryptocurrency exchange in the United States.
In this study, we will be backtesting rebalancing strategies across a variety of different cryptocurrency exchanges and comparing the results. The intention is to create the most reliable guide on how executing trades, and more specifically rebalances, can impact performance from exchange to exchange.
While CoinMarketCap calculates the trading volume for an exchange over the last 24 hours, how can you calculate the number of trades an exchange is processing? Read more to find out!
Oh, how the mighty have fallen.
Once ordained the leading cryptocurrency exchange in the US, Poloniex has since written the playbook on how to slide from public favor in the most spectacular of fashions.
The deterioration of the exchange is nothing but self inflicted. Slowly bleeding the exchange from the cold dead hands of the owners.
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