On October 3, a crypto exchange Poloniex announced its decision to remove margin and lending products for US-based customers and to delist three assets.
Removing the margin and lending products for US-based customers is a part of the exchange’s ongoing commitment to ensure that Poloniex complies with regulatory requirements in every jurisdiction.
Poloniex will provide more communication in the coming weeks about the final date but, according to the announcement, it will be by the end of the year and encourage customers to take steps to unwind margin positions at their convenience.
Existing loans will remain open and continue to fund positions and earn interest for their previously specified duration.
On October 10 at 12:00pm ET the exchange will be delisting three assets: AMP, EXP, GNO.
Customers have until November 9 at 12:00pm ET to close out any trades and withdraw any balances in these assets.
Once the withdrawal deadline has been reached (November 9 at 12:00pm ET), withdrawals will be disabled and the asset will be fully decommissioned.