Poloniex now allows fiat-to-crypto trading, credit card purchases

Cryptocurrency exchange Poloniex is rolling out new functionality for its user base as it attempts to resurrect its marketplace.

The exchange announced Tuesday that it'll now allow fiat-to-crypto trading, meaning customers can deposit and withdraw funds using bank accounts, as well as purchase crypto assets trading on Poloniex with debit and credit cards.  Poloniex, founded in 2014 and acquired by Goldman Sachs-backed Circle for $400 million last year, said it is bringing fiat connectivity “for the first time.” The exchange, which previously operated only as a crypto-to-crypto trading platform, has seen its marketshare collapse from the ICO heydays of 2018.

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