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Poloniex reduces trading fees and streamlines fee structure

Crypto exchange Poloniex delists 9 tokens not meeting new asset framework

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

Check Out...  Poloniex to delist BTCD, BTM, EMC2, GRC, NEOS, POT, VRC, XBC

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