Poloniex, U.S. based cryptocurrency exchange has comes up with a dedicated offering for institutional traders, it announced on December 4 via a blog post.
February this year, Poloniex merged with Circle, a financial services company, and the exchange is currently ranks 47th globally based on their trade volume.
Poloniex is latest in joining the growing list of operators looking to provide service the institutional market, commentators of a cryptocurrency traders segment have tipped to become a leading force behind sharing the asset prices next year.
The company blog mentions, “Institutions large and small can enjoy the benefits of our large curated selection of crypto asset trading pairs, dedicated support and robust API services,” adding, “…Poloniex is focused on meeting the advanced trading needs of institutions.”
The users of news service will be able to do it up to a minimum trade limit of $250,000.
With the launch, the exchange will also drop the fees for all the BTC/USDT traders for December.
Although the prices of Bitcoin (BTC) and altcoin are dropping significantly the interest in institutional investment is emerging.
Apart from leading exchanges like Coinbase, some non-crypto entities like Fidelity Investment, Intercontinental; Exchange have signalled towards a commitment to serve the cryptocurrency sector.
In October, a report revealed that the institutional investors had become largest buyers of crypto transactions over $100.000 surpasising high net worth individuals leading the charts.