'Poloniex', one of the US cryptocurrency exchange, finally spun off from 'Circle', its parent company, to 'Polo Digital Assets'.
Poloniex will withdraw from the US market after the spin-off and will only provide services outside the US. Poloniex will no longer service the United States from November 1st.
Poloniex was founded in the US in 2014 and was a famous exchange for a long time, although it lost 12% of its bitcoins by hacking.
However, it has not beat its competition with other exchanges that offer more advanced services and is planning new services again.
Poloniex tried to offer fiat currency transactions using bank accounts and debit and credit cards 3 months ago.