One of the most popular virtual currency exchanges, Poloniex, announced that institutional accounts are now available on their platform. The main intention is to offer services to institutions of different sizes. The information was released by Circle in a blog post on December 4.
The exchange informs that investors will have the possibility to have access to the large curated selection of crypto asset trading pairs. Additionally, they will also have access to dedicated support and robust API services.
Poloniex will also be offering high withdrawal limits and a customer support specifically designed for these institutions.
On the matter, the exchange commented:
“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.”
Furthermore, Poloniex has a specialized and well-trained team that will guide each institutional customer through the onboarding process. Additionally, the team behind this trading platform will also be offering support in order to coordinate issue resolution and more.
A few days ago, Poloniex has also announced that there will be no fees on the BTC/USDC trading pair during the month of December. The main intention is to increase the trading volume of this pair and the number of users trading with the USD Coin, created by Circle, the owner of Poloniex.
During this year, different virtual currency platforms have been working in order to create the necessary infrastructure to receive institutional and wealthy investors. The bull run experienced by the market back in 2017 was created by retail investors entering the market.
As this year was negative for Bitcoin and other virtual currencies taking into account their price, institutions and traditional investors could help Bitcoin and other digital assets start a new bull market in 2019.
Poloniex is currently the 45th largest virtual currency exchange in the market with a trading volume of $25 million in the last 24 hours. Moreover, BTC/USDC is currently the second most transacted pair in the platform.