Poloniex Currently Requires Legacy Trading Accounts to Confirm Identity

The precise date with this deadline will be announced in Q1 2018 — While you will be given advance notice before this condition goes into effect, we encourage you to confirm your legacy account now to avoid any potential interruptions in your capacity to trade on this stage.

This week the favorite cryptocurrency market based out of Delaware, Poloniex, has already issued a note to legacy account holders. According to the market, traders who use the platform should confirm their identity utilizing the business’s updated verification portal site.

“Margin positions will be supplied an 8-week wind-down period where they can simply be diminished or closed. After the 8-week wind-down period, they’ll be closed,” Poloniex clarifies.

“We shall require legacy accounts to become verified through the newest edition of our verification portalsite,” explains the U.S. exchange.

Legacy Account Holders Must Confirm Their Identities On Poloniex to Prevent ‘Possible Disruptions’

What can you think of Poloniex making legacy account holders confirm their identities? Can you think shortly all trades will have to confirm identities? Let us know what you think about the situation from the remarks below.
Plenty of traders utilize Poloniex, and as of now, the market has been swapping the fourth greatest trade volume for BTC pairs globally. The platform currently allows transactions for 100 digital assets, and its 24-hour commerce volume is 70,174 BTC or US$1Bn according to Coinmarketcap data. Poloniex particulars that at any point its legacy users can confirm their account and “total functionality will be revived” alongside the withdrawal growth.

Published at Fri, 29 Dec 2017 23:30:10 +0000

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