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