January 15, 2020, 7:00AM EST
• 2 min read

Trading fees aren’t everything

Quick Take

  • 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?

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