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About Poloniex

What is Poloniex?

Poloniex is a global cryptocurrency centralized exchange (CEX) founded by Justin Sun, founder of Tron. The exchange offers the following products: spot and margin trading, futures trading and perpetual swaps, limit orders, a live order book, a convenient lending system (P2P lending), cryptocurrency pledges, and trading terminals. In total, the exchange hosts more than 350 cryptocurrencies and tokens, which can be purchased by its users via bank accounts, credit or debit cards and Apple Pay. The exchange has an insurance fund and its own cryptocurrency community, Poloniex Learn, to provide guides, educational materials, and related industry news.

Who are the founders of Poloniex?

The exchange was founded by Tristan D'Agosta (CEO) in early 2013. 2019 saw Poloniex break away from its parent company Circle and become independent as a new company, Polo Digital Assets, Ltd. which now holds the lead in Poloniex's business. Tristan D'Agosta, better known by his nickname Busoni, is a musician who received his B.A. from Rutgers University. He then began studying cryptocurrencies, taught himself to program, and created his own exchange designed to securely trade Bitcoin and other digital assets. He is the sole owner of Polonius Sheet Music and also works at Various.

When did Poloniex launch?

Poloniex has been operating since January 2014. in 2018, Circle Internet Finance Ltd. acquired Poloniex at a valuation of about $400 million. in 2019, Circle announced that the exchange became independent as a result of Justin Sun's acquisition.

Where is Poloniex located?

Poloniex was originally located in Delaware, USA. Currently, the exchange is not available in the US.

Countries with restricted access to Poloniex

The international exchange has its own geographical restrictions on access, including the United States, Cuba, Iran, North Korea, Sudan, Syria, and other countries.

What coins does Poloniex support?

The platform hosts over 350 assets and 200+ pairs and fiat currencies. Users can buy, sell, and trade BTC, ETH, USDT, TRX, SOL, XLM, DOGE, SHIB, and more.

What are the fees for Poloniex?

Poloniex's fees are based on a pending-order-taking model, where the pending order fee is 0.01% and the taking fee is 0.075%. The specific fees are directly related to a user's 30-day trading volume. Users with higher volumes can get a discount on fees. The platform's transaction fees start at 0.155%.

Can I trade with leverage or margin on Poloniex?

Margin trading is a key feature of Poloniex, where users can trade with leverage of up to 2.5x. Poloniex Futures offers leverage on all futures products up to 100x. In addition, Poloniex also offers a percentage of the loan amount.