Cryptocurrency exchange Poloniex sets new & improved trade fees

Cryptocurrency exchange Poloniex sets new & improved trade fees

Circle, the peer-to-peer payments technology company which acquired Poloniex, the largest altcoin/cryptocurrency exchange in the U.S. back in February 2018 has made their first mark announcing today new and improved trading fees for users.

The team admitted this was an area ripe for improving, as Poloniex last updated their Bitcoin-denominated fee tiers in March 2016, when the price of BTC was around $415.

Poloniex is now implementing the following three changes, effective on May 15, 2018:

As of May 15, the exchange fees will move to this schedule:

Maker Taker Trade Volume (trailing 30 day avg)
0.10% 0.20% < $500K
0.08% 0.20% ≥ $500K
0.06% 0.20% ≥ $1M
0.04% 0.20% ≥ $2.5M
0.02% 0.20% ≥ $5M
0.00% 0.20% ≥ $7.5M
0.00% 0.18% ≥ $10M
0.00% 0.16% ≥ $15M
0.00% 0.14% ≥ $20M
0.00% 0.12% ≥ $25M
0.00% 0.10% ≥ $30M

For comparison, Poloniex’s old fee scheme can still be viewed.

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