Poloniex was acquired in February by Circle, a mobile payment application backed by Goldman Sachs Group Inc (NYSE:GS). The exchange declared that the EOS withdrawals and deposits have already started and trading in pairs with Ethereum (ETH), Bitcoin (BTC), and Tether (USDT) will start in a few days. Poloniex further added that initially it will support only EOS mainnet digital assets and will not accept ERC-20 version tokens or EOS airdrops.
Just a few weeks ago, Poloniex launched its new Circle Asset Framework. It is a tool that prioritizes listings of a new crypto asset across the different crypto products of Poloniex. In its blog post, the Circle Team and Poloniex said, “We applied this framework to assess projects across a few categories – fundamentals, technology, people, business model, and market dynamics – and we are ready to announce the addition of a new asset to the Poloniex family: EOS.”
Last week, the exchange also announced delisting of nine prominent tokens that included FLDC, XVC, FLO, BCY, NXC, BLK, RADS, PINK, and RIC as a part of its new framework. The new tool takes into consideration data acquired in different categories including business model, market behavior of the coin, technological basis, fundamentals and the team involved in the project.
Circle to introduce new changes in Poloniex
Ever since Circle acquired Poloniex in February 2018 it has made efforts to bring improvement within the exchange. Apart from boosting the deposit and withdrawal reliability, it also cleared more than 175,000 legacy support tickets. Circle aspires to make Poloniex a leading cryptocurrency exchange in the world and hence is looking to invest in new ways. And adding EOS on the exchange is one of the ways that can support the growth plans of the Circle.
According to analysts the launch of EOS on Poloniex is a positive indicator for those with EOS asset. However, the market is yet to respond to this new change.