Golden
Poloniex

Poloniex

Poloniex is a cryptocurrency exchange for trading digital currencies.

Poloniex is a cryptocurrency exchange that is headquartered in Wilmington, Delaware that was founded in 2014 by Tristan D'Agosta.

Poloniex is a platform that for buying and selling cryptocurrencies and digital assets. The company charges varying user fees for both 'makers' and takers'. Makers are Poloniex users who's order exists on Poloniex before any trade takes place, and a taker is the user who fills the maker's order. Makers (0.10% for trades < less than $500,000 USD) and takers (0.20% for trades less than $500,000 USD) on a per trade basis — per trade rates decrease for makers beyond $500,000 USD and for takers on trades larger than $7.5 million USD.

Acquisitions

Circle

On February 26, 2018 Poloniex was acquired for $400 million by Circle Internet Financial Ltd..

Timeline

Circle acquires Poloniex

Circle Internet Financial Ltd, a firm backed by Goldman Sachs Group, acquires cryptocurrency exchange Poloniex. The acquisition values Poloniex at around $400M.

[1] http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

[2] https://techcrunch.com/2018/02/26/circle-acquires-cryptocurrency-exchange-poloniex/

[3] https://blog.circle.com/2018/02/26/circle-acquires-poloniex/

[4] https://www.bloomberg.com/news/articles/2018-02-26/goldman-backed-circle-buys-digital-exchange-poloniex

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Tristan D'Agosta

Founder

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