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TheBlock
2020-01-15 11:46:37

Trading fees aren’t everything

Quick TakePoloniex’s market share experienced a sizable increase in December, reaching nearly 7% after being at ~1% for most of the yearThis was caused by 2-month long promotion of 0% trading fees as well as the elimination of KYC for withdrawals of less than $10,000Since the promotion ended on January 8th, Poloniex’s market share has been trending lower but the newly implemented fee structure is relatively cheap compared to other exchangesWill customers stay for cheap fees or take their business to other exchanges with greater liquidity, superior product offerings, and higher regulatory stability?