POLONIEX LAUNCHES CRYPTOCURRENCIES FOR INSTITUTIONAL INVESTORS
American cryptocurrency trading platform Poloniex, which was acquired in February 2018 by the provider of payment solutions Circle, announced that it plans to offer cryptocurrency trading services to institutional investors with the ability to open new special types of accounts.
As reported, the new Poloniex service will allow various large financial organizations to trade cryptocurrencies in pairs with the US dollar without restrictions imposed on ordinary accounts.
As part of providing services to institutional investors, Circle and Poloniex will offer clients an OTC trading option through Circle Trade. The minimum trade size for firms wanting to engage in off-exchange trading should be $250 000.
In a press release, Circle explained that the company will offer institutional clients higher withdrawal limits as well as “professional customer support.”
“Our highly qualified team will guide each institutional client in the process of his work on the platform, solve various issues and support the continuous process of trading,” the company’s official blog says.
It is worth noting that, according to the TABB Group study results, bitcoin trading on the over-the-counter (OTC) market exceeds trading volumes on the exchange market by 3-4 times.