Poloniex returns unlimited trading for unverified accounts

by in Cryptocurrency News

Poloniex unlimited trading

The Poloniex cryptocurrency exchange returned unlimited trading and unlimited deposits for accounts without KYC. The only limit is set for the daily withdrawal of $10 thousand.

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This applies to all new users who need only email to register. They will also be able to use the staking service and take part in contests.

Existing unverified accounts will receive similar features within a few months.

This is contrary to the global trend and FATF requirements for mandatory user verification, although the exchange refused to serve US residents immediately after separation from Circle.

After purchase by a group of Asian investors led by Justin Sun, Poloniex got into a few dubious situations: first encouraged to buy TRX and then announced the delisting of DigiByte after criticism from project founder Jared Tate.

In early 2020, Poloniex will expand the listing.