Poloniex Adds “Institutional” Accounts
Circle, the parent company of the cryptocurrency exchange Poloniex, reported the introduction of a new account type, focused on so-called institutional clients.
Institutional clients of Poloniex are offered higher limits on fund withdrawal, and, in December, they have an opportunity to trade with no commission.
The registration page for institutional clients says that they are also offered access to the OTC platform Circle Trade, on which the minimum amount of a transaction is $250000, and the ability to convert the US dollar to the USDC stablecoin and back.
Recall, the USD Coin (USDC) was listed on Poloniex in September, not a long after its official launch.