Home / Crypto News / Major exchange Poloniex (Poloniex) announces price cut of transaction f

Major exchange Poloniex (Poloniex) announces price cut of transaction f

Poloniex (Poloniex), a major cryptocurrency exchange giant, posted a blog post on the fee on 5th of this month, announced that it will cut transaction fees .

According to the blog post, this change will be applied from 0:00 (UTC) on March 6, Poloniex said that 99% of users can benefit from the reduction in transaction fee.

In addition, we have changed the Trading Tier (trading hierarchy) which existed eleven stages to three stages, and also introduced points that became a simpler system.

The new transaction fee is a system that varies according to the volume of trading for one month, and for users with trading volume of less than 1 million dollars (about 110 million yen), manufacturer fee is 0.08% and taker fee is 0.20% It is getting.

Users whose monthly trading volume exceeds 20 million dollars (about 2.2 billion yen) are free of manufacturer fee and taker fee of 0.10%.

Since the traditional fee was 0.15% and 0.25% respectively at the lowest tier, basically almost all users can receive the benefit of this change basically.

Poloniex argues that the exchange will be the lowest transaction fee exchange in the United States due to a reduction in fees.

“These are the steps to improve customer experience and technical upgrades, which will make Poloniex a more user-friendly exchange.”

Article Source: Poloniex

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/poloniex-reduces-its-trading-fee/

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