Review on Poloniex by Tomek Klys

Name: Poloniex
Item: Poloniex
Rating: 4

June 16, 2019

Poloniex the oldest exchange ever

After introducing many traders to cryptocurrency investing, Poloniex is connecting the crypto and real economy. The Circle-Poloniex platform has enabled Poloniex to instantly add institutional-level trading features while many crypto exchanges are building out these features at a slower pace. The integrated payments platform is making it easy for traders to spend their crypto in the real economy. Future integration should make these features easier to use across the two platforms.
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Poloniex has introduced a redesigned mobile app. A convenient improvement over apps that tempt you to invest 25 percent, 50 percent or more of your assets, the Poloniex app allows you to choose the exact amount by moving your finger along a slider. The app does not skimp on trade features. The order book, charts, market depth and order form, and trade history are available. On the app, these features are conveniently located in separate tabs rather than on one screen. The app is available for Android and IOS.
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Pros

Top three exchange globally for security
Margin trading and lending (outside the US) with 2x leverage
Over 100 crypto-to-crypto pairs traded
Access to Circle institutional products, including OTC trading and USDC stablecoin

Cons