Poloniex Exchange Opens Door To Institutions

 

 

 

Circle has announced that its cryptocurrency exchange Poloniex is now open to institutional clients in a Tuesday Dec. 4 blog post.

According to the announcement, the move will see institutional investors given higher withdrawal limits and professional customer support from dedicated Account Managers in Poloniex’s Client Services Department, who will guide customers through the onboarding process and other trading activities.

“Poloniex is focused on meeting the advanced trading needs of institutions. We offer higher withdrawal limits and professional customer support from a dedicated team of Account Managers in our Client Services department. Our highly trained team will guide each institutional customer through the onboarding process, coordinate issue resolution across multiple teams and support ongoing trading activities.”

Payments-focused company Circle acquired Poloniex back in February to hit the ground running with its expansion into cryptocurrency exchange services.

Now the company is offering Over-The-Counter (OTC) trading to institutions who can afford the $250,000 minimum trade size, an expansion that will see them rival the capability of industry behemoth Coinbase.  The company is also waiving trading fees between Bitcoin and its recently released in-house USDC stablecoin for the month of December

 

Author: Timothy Goggin

Timothy Goggin is an economic analyst with an interest in the application of moral philosophy and decentralized systems. He studied economics at the Business School at Victoria University of Wellington, New Zealand. His area of research is the consequential and moral dimensions of implementing digital currencies and the resulting synergies for consumers in the trading environment.

Share This Post On

Submit a Comment

Your email address will not be published. Required fields are marked *

  Subscribe To Newsletter
Subscribe to Our Newsletter

Keep up to date with the latest from DCEBrief

* we hate spam and never share your details.
×