Poloniex, the altcoin, and cryptocurrency exchange owned now by Circle, today implemented reduced trading fees for more than 99% of its users (based on historical volume data).
With this, the exchange also streamlined — from 11 to 3 — the exchange trading tiers. These changes make trading fees on Poloniex now among the lowest of U.S. exchanges. Poloniex also announced the launch of a newly designated market maker program.
New fees and trading-fee tiers:
Fees are charged and deduced on a per-trade basis. The more “total volume” users trade on a rolling 30-day basis, the lower the fee on subsequent trades. Poloniex will calculate fees based on user’s last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust the fees according to the following new schedule:
|Maker||Taker||Trade Volume (trailing 30-day avg)|
|0.08%||0.20%||< $1m USD|
|0.02%||0.15%||< $20m USD|
|0.00%||0.10%||≥ $20m USD|