Poloniex spins out of its parent firm, Circle – Cryptocurrency News

Poloniex spins out of its parent firm, Circle – Cryptocurrency News – Coinnounce

The well-known cryptocurrency exchange, Poloniex, has decided to separate from its parent firm, Circle. Poloniex will now be an “independent international company,” named, Polo Digital Assets, Ltd., and will be backed by an unnamed Asian investment firm. As per their blog post, the platform has framed a multi-year plan to contribute more than $100 million for the development and expansion of the network.