Poloniex simplifies crypto trading using smartphones

Cryptocurrency exchange Poloniex has launched a new application for iOS and Android systems that allows you to trade with just a few clicks.

The American cryptocurrency exchange Poloniex, owned by the financial company Circle, has launched an update for its trading applications for mobile devices. Released in mid-summer, the only official app on Android Play and the iOS App Store supported by Poloniex is available in a total of nine languages, including Russian. The company announced an improved user interface for trading. Thanks to the updates to the apps, traders will be able to experience more convenient account login and verification on mobile devices, which will also be more secure.

According to Circle, the main improvements relate to modifications to the technical structure. Significant investments made it possible to eliminate delays in processing requests, modernize the infrastructure of wallets and asset storage systems, and return $12 million to users that the platform had not previously returned.

In addition to technical issues, the company expanded its listing with six new assets and removed 18 coinsthat did not meet the company’s requirements. The Circle Asset Framework provides clear listing criteria that are clear to developers and the ecosystem. 

To comply with regulatory requirements, the Poloniex exchange rebuilt the identification process from scratch, and at the beginning of the month refused to provide loans to margin traders through the Lending function and deprived American users of the opportunity to trade with margin leverage.