In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits.
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Access for Email-Only Accounts
Over the next few months, the current accounts of unverified customers will be unfrozen and upgraded to Level 1 accounts, the platform announced in a tweet this week. These users will have access to unlimited spot trading and deposits, while withdrawals will be restricted to a daily maximum of $10,000. Starting now, all new customers can create an account using only an email address and password and begin trading, Poloniex revealed in a blog post on the matter, stating:
We’ve heard your feedback time and time again about wanting to use Poloniex without giving up your identity. We’ve wanted to make…