January 15, 2020, 7:00AM EST
• 2 min read
Trading fees aren’t everything
- Poloniex’s market share experienced a sizable increase in December, reaching nearly 7% after being at ~1% for most of the year
- This was caused by 2-month long promotion of 0% trading fees as well as the elimination of KYC for withdrawals of less than $10,000
- Since 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 exchanges
- Will customers stay for cheap fees or take their business to other exchanges with greater liquidity, superior product offerings, and higher regulatory stability?