Poloniex Removes Trading Fees For Circle’s USD Coin (USDC) Stablecoin
November will be the month of USD Coin (USDC). After being listed in Coinbase and becoming one of the most important assets of the moment, USDC is on the rise and it looks like nothing will ever stop it. Now, Poloniex has removed the trading fees using USDC on the platform.
The company has recently posted about this new decision on its blog. According to Circle, which owns Poloniex, this step is being taken to encourage new customers to experience trading with UDSC on Poloniex and as a way to show the appreciation of the company for the current users.
NEWS: No #usdc trading fees on Poloniex through November for the following pairs: BCHSV/USDC (Bitcoin Cash SV), BCHABC/USDC (Bitcoin Cash ABC), USDT/USDC (Tether), BTC/USDC (Bitcoin), and ETH/USDC (Ethereum). Start trading here: https://t.co/NOYr8BrpdG
— Poloniex Exchange (@Poloniex) November 8, 2018
Circle has affirmed that it has made a considerable progress by acquiring Poloniex and upgrading everything about the company later but they still have a long way to go and removing the trading fees from this asset is just another upgrade that will enhance the user experience.
The trading without any fees will last until November 30. At the moment, the company has the following USD Coin trading pairs: BCHSV/USDC, BCHABC/USDC, USDT/USDC (Tether), BTC/USDC (Bitcoin), and ETH/USDC (Ethereum).
Circle has also affirmed on the post that Poloniex is currently offering pre-fork trading for the two tokens at the center of the Bitcoin Cash (BCH) debate: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash Cash SV (BCHSV).
About USD Coin
USD Coin (USDC) was launched by Circle back in September and it is the first stablecoin to be launched by the company that owns Poloniex. In fact, the success of the token was so big that Coinbase, the largest exchange in the United States, decided to adopt USDC as its own and now some new assets are only paired with it instead of the traditional Bitcoin (BTC).
At the moment, more than 50 exchanges, protocols, platforms, apps and wallets have already started to use USDC. The trading volume is growing in a steady way and the main current objective of USD Coin is to eventually be The Stablecoin of the market, just like Tether was before so many other options started to appear. All USDC is collateralized by USD and you can change it at any time.