This is huge news for the cryptospace!steemCreated with Sketch.

in cryptocurrency •  7 years ago 

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Circle purchased Poloniex for $400 million! I didn’t use Poloniex a lot up to this point, but I think I will now!

https://cointelegraph.com/news/breaking-mobile-payments-app-circle-acquires-crypto-exchange-poloniex-for-400-mln

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Source: https://cointelegraph.com/news/breaking-mobile-payments-app-circle-acquires-crypto-exchange-poloniex-for-400-mln

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Thank You!

The acquisition of Poloniex demonstrates the high interest of financial institutions in the crypto asset class. Not all investments have to be in the assets themselves but in the platforms, technologies and teams. All will lead to increased adoption which will increase the value realization of these assets.

Agreed!

Do you think this makes them a hacking target?
If they ever get hacked do you think Goldman will make everyone whole?

All the exchanges are targets. Goldman Sachs? I’d say no.