Poloniex Crypto Exchange

Poloniex

One of the world’s leading platforms for trading digital assets is Poloniex. The platform started operating in 2014, and today the number of its users is several millions. The service offers rich functionality, a high degree of personal account protection, 2-factor authentication, and the possibility of placing tokens in cold storage. The exchange has numerous competitive advantages that help it hold a leading position.

History

Poloniex was founded by Tristan D’agosta. The project was originally headquartered in San Francisco, USA. Despite the growing popularity of the trading platform, many developers chose to remain anonymous. This was largely predetermined by the site’s lack of a license.

In February, the creators of Poloniex encountered financial difficulties, as a result of which the project had to be sold. The buyer was the large company Circle Internet Financial Ltd. According to rumours, it had to pay D’agosta 400 million dollars. It is noteworthy that the deal was approved by the US Securities and Exchange Commission. The agency’s main condition was to license the cryptocurrency exchange.

As of 2019, Poloniex has a new owner. Until now, it is Polo Digital Assets Ltd. Rumour has it that the trading venue was bought by Justin Sun (creator of Tron), a well-known figure in the cryptocurrency community. The new owners were targeting the US user, but trading volume was steadily increasing. As a result, the decision was made to go global.

Poloniex World Crypto Exchange

Services

The Poloniex exchange offers its clients a multitude of options for trading digital assets. Among them:

  • swaps;
  • options;
  • DeFi assets;
  • spot trades;
  • futures contracts.

Special attention should be given to margin trading, which is suitable for speculative investors to profit in the short term. Fiat is available on the platform for purchase from a card or bank account. The platform has a 24 hour support team.  

Features 

The Poloniex website has a user-friendly and clear interface. It is suitable for both beginners and experienced players. Here you can exchange digital assets, make different types of transactions, use credit and margin trading. In terms of trading volume, the exchange is in the Top 30. The daily value of the transactions carried out is estimated at $155 million.

Initially, there was no Russian language function on Poloniex. It appeared in 2019, when the exchange went international. It is noteworthy that the reference section is now in Russian. The developers of the platform constantly hold numerous promotions, news about which are published on the link “Leaderboards”. After fulfilling the prescribed conditions, customers receive a certain amount of digital coins into their account.

Thus, the Poloniex cryptocurrency exchange is the largest platform with a solid volume of daily cryptocurrency trading. The management of the service aims to satisfy the interests of newcomers and experienced players in the market. There are a lot of positive reviews about the site online, but there are reports of accounts being blocked. To avoid problems with asset freezing, it is necessary to strictly follow the rules of the exchange, which are spelled out in the user agreement.