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Rumor: Circle will buy Poloniex


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Modern Consensus has learned that Circle, the venture-rich mobile pay startup that competes with Venmo and makes sending money almost effortless, is deep in discussions to acquire Poloniex, the American cryptocurrency exchange that made its name by listing scores of altcoins on a platform that resembles a professional trading station. At press time, Modern Consensus was unable to confirm the terms of the deal.

According to one highly placed source with knowledge of the discussions, “Circle and Poloniex agreed to terms and Circle has already approached the regulators. The regulators came back with a list of KYC demands [Know Your Customer] and Circle has agreed to meet all the conditions.”


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34 minutes ago, xrphilosophy said:

This is interesting news.  I also presume that this acquisition, amongst the many others which are yet to come will ultimately resolve the USDT Tether issue, by replacing Tether with some other instrument which is backed by USD or other FIAT deep pockets. 


That but then on steroids: an all-all (incl usd) exchange, driven by IOUs on the XRPL! The technique ia already there,l. Could Circle / Poloniex set up all necessary issuances for that theirselves@hammertoe / @Hodor / @JoelKatz ? 

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