Circle is opening up shop in Bermuda seeking clearer regulatory framework, and it could be Poloniex's last hope
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Quick Take
- In latest attempt to preserve its dwindling market share, Circle is expanding to Bermuda
- The new outpost will provide a clearer regulatory framework and allow the company to offer new services
Circle is heading to the pink-sanded shores of Bermuda, a move that might provide a much-needed boost for the cryptocurrency exchange operator. The new outpost, which Circle announced Monday, will serve its non-U.S. Poloniex clients. Poloniex, the Boston-based exchange Circle purchased for $400 million in the height of the initial coin offering boom, has struggled […]
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