On December 4, The Circle team announced that institutional accounts became available on Poloniex.
“Institutions large and small can enjoy the benefits of our large curated selection of crypto asset trading pairs, dedicated support and robust API services”, – reads the announcement.
All Poloniex customers will enjoy no fees on BTC/USDC trades in the month of December. In addition, the exchange offers higher withdrawal limits for institutions.
“Our highly trained team will guide each institutional customer through the onboarding process, coordinate issue resolution across multiple teams and support ongoing trading activities,” – writes the Circle team.
Circle offers institutions a range of crypto trading products and services including:
- Circle Trade, an OTC Trading desk, with a minimum order size of $250K (or equivalent).
- Poloniex, a digital asset exchange with a large selection of crypto-crypto pairs and a trading API.
- USDC, a US dollar-backed stablecoin. Circle offers institutions the ability to tokenize USD into USDC, and to redeem USDC for USD.