Poloniex Review(s) - Customer Opinions & Crypto Exchange Ratings
Day

Quote Currency:

USD
Transparency Rating
Total Volume
$12.29M
Volume Change
-$795,444
(-6.08%)
Markets
Fiat CurrenciesNone
Exchange Summary
Transparency Rating
Total Volume
$12.29M
Volume Change
-$795,444
(-6.08%)
Markets
Fiat CurrenciesNone

Poloniex was founded in January 2014 to provide a secure trading environment, advanced charts, and data analysis tools to investors. It is based in Somerville, Massachusetts, USA and claims to be one of the world's most active crypto exchanges. To protect users money, the exchange keeps most deposits in air-gapped cold storage. Online, it only keeps what's needed for active trading.

The exchange was founded by Tristan D'Agosta who previously established Polonius Sheet Music, a company that publishes classical sheet music. His background also includes periods as a freelance composer and writer.

Poloniex was acquired by the Irish payment service provider Circle in February 2018, for a reported $400 million. Circle is known for several products, including Circle Pay for fiat transfers; Circle Trade, an OTC desk and liquidity provider of cryptocurrencies; and Circle Invest, an app that allows retail customers to invest in crypto markets. The Dublin based company is backed by $140 Million in venture capital from large institutional investors including Goldman Sachs, Baidu, and China International Capital Corp.

In March 2018, Poloniex announced plans to expand into Asia and to add fiat currencies to what was (at launch) a purely crypto platform. It stated that it would cooperate with local regulatory authorities as the company expands globally. In September of the same year, Poloniex introduced the USD Coin, (USDC) a fully collateralized US Dollar stablecoin, serving as the bridge between Dollars in a bank account and trading on crypto asset exchanges. The underlying technology behind the USDC (the CENTRE protocol) was developed collaboratively between Coinbase and Circle.

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Poloniex Information

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