Honestly they might get wiped out the moment a big corporation in the financial sector decides to launch a competing platform.
Just think about it, we are putting up with lag and huge delays from Poloniex who are struggling to scale up, and so many people are storing serious money there without having any certainty that the entity behind the platform is in any way solvable or can be held accountable.
The moment a long standing, renowned Corp joins the game, I expect people will move their money there for reassurance.
RE: Cryptocurrency Exchange Are Some Of The Most Lucrative Businesses In The Cryptocurrency Industry, Will Poloniex's Recent Performance Open The Doors For Other Firms?
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Cryptocurrency Exchange Are Some Of The Most Lucrative Businesses In The Cryptocurrency Industry, Will Poloniex's Recent Performance Open The Doors For Other Firms?
Exactly. The regulations and barriers to entry would be no issue for a big financial firm, and they could likely operate a similar or better quality exchange. This would also add extra support and trust in the cryptocurrency market and exchange, and I really don't think Poloniex would stand a chance.
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