New hand in the fight

Poloniex merged with financial services company Circle in February this year. It currently ranks 47th in the world among crypto exchanges by trade volume. They have launched a dedicated offering for institutional traders. “Institutions large and small can enjoy the benefits of our large curated selection of crypto asset trading pairs, dedicated support and robust API services,” the company’s blog post claimed. The users of the new service will be able to do so subject to a minimum trade of $250,000. The company will also jettison fees for all traders of BTC/USDC for the month of December.