Poloniex, a crypto-exchange which after being acquired by Circle has been in news regarding forced KYC of account holders and delisting waves of several crypto assets one after another, has opened its door for institutional investors allowing them to open accounts and take part in Trade.
Poloniex is providing robust API services, higher withdrawal limits and professional customer support from dedicated team of Account Managers to lure this new class(institutional investors) to its platform and to raise its volume to get in the range of top Crypto-Exchanges.
Institutional Investors are a newbie class in crypto segment and this class is still thin due to regulatory troubles but providing good facilities to them will help more institutional investors to invest in crypto which can help both the exchange and dwindling crypto market.
Poloniex Exchange, which is an US based exchange is at 46th rank in volume wise exchange list and this step will help poloniex to jump above in ranking.
While poloniex has not declared minimum amount needed to open account in this class, their account opening form shown minimumamount needed for OTC Trades, which might be minimum or not.
below is poloniex’s blog post regarding the same.
We are excited to announce that institutional accounts are now 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. Poloniex customers also enjoy no fees on BTC/USDC trades in the month of December.
Poloniex is focused on meeting the advanced trading needs of institutions. We offer higher withdrawal limits and professional customer support from a dedicated team of Account Managers in our Client Services department. Our highly trained team will guide each institutional customer through the onboarding process, coordinate issue resolution across multiple teams and support ongoing trading activities.
Bloomberg in October had published a report which detailed institutional investors as top high worth transactors than High Net-Worth Individuals in crypto market, ease in volatile swings in Crypto markets in last some months has provided institutional investors confidence to steer in these markets.
But Volatile swings have been known to be part of crypto market and with a lot of wealth in hands of High worth individuals swings are likely to return with change in momentum of market.