Poloniex

https://poloniex.com

https://twitter.com/Poloniex

https://www.crunchbase.com/organization/poloniex

cex

Poloniex (poloniex.com)

Poloniex is a centralized cryptocurrency exchange (CEX) operating under the name Polo Digital Assets, Ltd., offering a trading platform for digital assets (cryptocurrencies) primarily to users outside the United States. (investopedia.com)

Core activities

Poloniex’s main function is to provide a venue where customers can deposit, trade, and withdraw cryptoassets using an exchange order book and matching engine (i.e., typical exchange infrastructure). (sec.gov)

History and corporate changes

• 2018-02-26: Financial technology company Circle announced it had acquired Poloniex. (circle.com)
• 2019-10-18 (announced): Poloniex spun out from Circle into a new entity, Polo Digital Assets, Ltd., backed by an investment group, with a stronger international (non‑U.S.) focus. (circle.com)
• 2019-11-01 (effective for users): As part of the spin-out, U.S. customers were no longer able to trade on the exchange starting November 1, 2019 (with withdrawals continuing for a period via Circle’s wallet/custody services). (support.poloniex.com)

Ownership / control (commonly reported)

Poloniex has been publicly associated with crypto entrepreneur Justin Sun in reporting and reference sources. (en.wikipedia.org)

Regulatory and legal notes (United States / United Kingdom)

• U.S. SEC settlement (2021-08-09): The U.S. Securities and Exchange Commission announced that Poloniex LLC agreed to pay more than $10 million to settle charges that it operated an unregistered online digital asset exchange, concerning activity described as occurring from July 2017 through November 2019. (sec.gov)
• UK FCA warning (2023-12-06): The UK Financial Conduct Authority posted a warning that Poloniex / Polo Digital Assets, Ltd “may be promoting financial services or products without our permission,” and stated the firm is not authorised by the FCA. (fca.org.uk)

Security incident (widely reported)

• 2023-11-10: Poloniex reported a major security incident involving theft from hot wallets; third-party incident reporting quantified losses at approximately $122.98 million and described it as associated with private key compromise. (dn.institute)

Official social presence (X / Twitter)

Poloniex’s X (Twitter) presence is under the handle @Poloniex, described on X as “The legendary crypto exchange since 2014,” and it lists the website as poloniex.com. (twitter.com)

text Website: https://poloniex.com X (Twitter): https://twitter.com/Poloniex