American cryptocurrency exchange Poloniex announced early support for the special accounts for institutional clients.
The new service will allow Poloniex various large financial institutions to trade cryptocurrency pairs with the us dollar without any restrictions imposed on regular accounts. In particular, for institutional investors set a high limit on withdrawals. In addition, for December trades in the pair BTC/USD will take place without transaction commissions.
Circle that owns the exchange, also noted that institutional clients will have a professional support.
“Our highly skilled team will guide each institutional client in the course of his work on the site to solve various issues and to maintain a continuous process of trade,” says the company’s official blog.
So Poloniex Circle and joined the pool of cryptocurrency companies focused on institutional investors. Among these companies, the most notable exchange Coinbase, in October granted a permit to provide services for custodial storage of cryptocurrencies in the state of new York. Himself custodian service Coinbase Custody began its work in July.
We will remind that in October, Bloomberg presented the results of the research activities of hedge funds in the cryptocurrency market. According to the report, institutional investors are increasingly traded crypto-currency on the OTC market (OTC), which means that the exchanges need to enhance their services to be competitive.
It is interesting that, apart from the exchange Poloniex, Circle owns and a platform for OTC trading — Trade Circle. The company also has been producing stablein USDC.