Poloniex Exchange Sets Pre-Fork BTC Trades, No-Fee USDC Trades

Announcements, Innovation, Investing | November 8, 2018 By:

Poloniex is removing trading fees for USD Coin (USDC) on its platform through the end of this month.  The marketing move hopes to goose the number of active traders on the platform.

“We are taking this step for two reasons: To encourage new customers to experience trading USDC on Poloniex and to show appreciation for our current customers,” said a company spokesperson.

 The current trading pairs on Poloniex for USDC are BCHSV/USDC, BCHABC/USDC, USDT/USDC (Tether), BTC/USDC (Bitcoin), and ETH/USDC (Ethereum).

Poloniex is also ofering pre-fork trading for the two tokens at the center of the debate about the pending Bitcoin Cash (BCH) hard fork: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV).

USDC, launched in September, has already seen widespread adoption in the crypto ecosystem. More than 50 exchanges, protocols, platforms, applications and wallets have embraced USDC and trading volume continues to grow. The circulating supply of USDC has surpassed 130 million.