Poloniex Introduces ATOM and EOS Margin Trading Option for Non-US Customers
This week, the Poloniex crypto exchange introduced EOS and ATOM margin trading for clients residing outside the US. Bitcoin will be used as the base pair for the trades involving the newly added digital assets. The trading platform has also made adjustments to their crypto assets lending program, with minimum lowered to $0.62 and the maximum being set at $50 for all virtual currencies.
— Poloniex Exchange (@Poloniex) April 24, 2019
Before the addition of EOS and ATOM, Poloniex supported margin trading for several cryptos, including Ripple, Ethereum, Bitcoin Cash, Litecoin, Dash, and Monero and so on. All of these tokens have Bitcoin as the base pair.
As of now, Poloniex is working hard to make more cryptos available for margin trading. The addition of the new tokens are seen as an integral part of the exchange’s mission of becoming one of the biggest and most innovative digital trading platforms in the world.
EOS and ATOM will be available for lending, similar to other crypto's that are available for margin trading. Therefore, clients who hold either or both of the two can lend them to other users and earn an interest set by the prevailing market conditions.
Besides margin trading, other developments concerning the Poloniex exchange include;
- It is the only platform that enables investors participating in the Cosmos ICO to preview and claim their ATOM tokens.
- There has been a major upgrade on the systems, resulting in notable improvements in wallet operations and transaction speeds.
- Trading fees have been lowered and Poloniex now has some of the cheapest transaction fees among US-based crypto trading platforms.
- Poloniex was among the first exchanges to list Grin.