Poloniex launches services for institutional investors.

[Paha87]

Poloniex crypto-exchange, previously purchased by Circle crypto-company, announced the opening of trading services for institutional clients wishing to invest in cryptocurrency.

The company, which was acquired by the payment firm Circle earlier this year, said on Tuesday that it would start offering institutional accounts, supporting various cryptocurrency pairs and APIs. The exchange will also provide interest-free transactions for all bitcoin/stablecoin pairs in December. According to the registration page:

As part of its new accounts, Circle offers over-the-counter trading through Circle Trade, services through Poloniex, and trading pairs with USDC stablecoin. Firms wishing to participate in OTC trading must make a minimum order size of $ 250'000.

In its announcement, Circle explains that the company will "provide institutional clients with higher withdrawal limits as well as professional customer support," adding:

Our highly qualified team will guide each institutional client through the process of entering into trading, coordinate problem solving in multiple teams and support ongoing trading activities.

Poloniex Circle and join industry-specific exchanges, such as Coinbase, offering services specifically to institutional traders. The latest exchange, which also offers USDC trading pairs, began rolling out storage services to its institutional clients back in may of this year. More recently, Coinbase has also started trial OTC trading, although the platform will not be open to the public until early next year.

Link to the source of information (Russian) - https://altstake.io/news/poloniex-zapuskaetuslugi-dlya-institucionalynyh-investorov