Poloniex, a global crypto exchange, has optimized the fee structure for USDT-collateralized perpetual contracts to provide customers with the lowest fees in the entire industry.
Starting today, the Maker and Taker fee rates for trading USDT-collateralized perpetual contracts on Poloniex are 0.01% and 0.04% respectively, and the changes apply to all customers regardless of their trade volume.
Moreover, a new fee structure for futures traders will be carried out with an effective date of November 24 to narrow gaps between different VIP levels. VIPs will enjoy more discounts and privileges based on their levels. The new fee structure will reduce thresholds for reaching specific levels with the ultimate goal to build a fairer trading environment.
Alongside the reduction in fee rates, Poloniex also introduced a limited-time “VIP Challenge” to give back to customers so that they can enjoy trading on perpetual contracts with VIP thresholds reduced by half.
Once a trader signs up for the challenge, the system will automatically calculate their trade volume on perpetual contracts over the past 30 days until the end of the challenge to distribute the corresponding VIP ranks and rates.
The first 500 participants will win a 5 USDT reward regardless of the trade volume. As for those who trade ≥ 3,000 USDT, they will receive another 20 USDT reward. The challenge only lasts 13 days, so customers are encouraged to sign up for it as soon as possible to enjoy these rewards and a chance to win a higher VIP level for trading perpetual contracts at Poloniex.
In addition to the restructuring fee and trading challenge on Poloniex Futures, Poloniex will also launch a “VIP+1” campaign. The VIP level that users have on other exchanges will be moved to one level up on Poloniex. For example, if one is entitled to VIP1 at another platform, Poloniex will grant the user a status of VIP2 instead. For more information, please visit https://support.poloniex.com/hc/en-us/articles/10106329839767.
About Poloniex
Founded in January 2014, Poloniex is a global cryptocurrency exchange to support spot and futures trading as well as leveraged tokens. With a world-class trading platform, Poloniex received funding from H.E. Justin Sun, Founder of TRON, in 2019 to widen its international customer base. Poloniex now provides services in over 100 countries and regions, in various languages. In 2022, Poloniex launched its new trading system with higher speed, stability, and usability. Joining hands with TRON, which was designated as the national blockchain for the Commonwealth of Dominica with TRX granted statutory status as legal tender in the country, Poloniex will continuously connect users to the power of cryptocurrency.
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Source: https://ambcrypto.com/poloniex-launches-the-lowest-futures-trading-fees-in-the-industry/