USA's Poloniex to revise trading fee from May 15

Posted 03 May, 2018

Poloniex, one of the popular cryptocurrency exchange, posted a notice on its web-site about trading fee changes to come into force from May 15. 

For reference, the Poloniex exchange was acquired by startup Circle. The latter intends to make the platform the key pillar of its product line. As it was reported somewhat later, this acquisition helped the exchange avoid SEC crackdown.

According to the announcement, from that time the fees will be based on the 30-day trade volumes in US dollar terms rather than bitcion. The platform remains cryptocurrency one, and this decision is driven by its intention to provide users with more reasonable and stable estimation that depends on trade volume of every particular trader, taking into account bitcoin price fluctuations.

Moreover, the fees will be generally reduced as well. Taker fee will be set at 0.2% and maker one – 0.1%.

The exchange also plans to reduce the threshold for discounts. In particular, offer makers will face 0% commission for the 30-day trading volume of $7.5 million. At the same time, offer takers will pay 0.1% for $30 million volume over 30 days.

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03 May, 2018 16:07

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