Poloniex cuts fees on perpetual futures trading

The cryptocurrency exchange Poloniex has lowered fees on margin trading of perpetual futures contracts in Tether (USDT). They are 0.01% for market-makers and 0.04% for market takers.

The new fee structure for VIP clients will take effect on November 24, 2022. Until then, Poloniex will extend the \”VIP Challenge,\” under which the exchange will halve trading thresholds for traders of all levels.

Participants can progress to the next VIP level:

• by trading on Poloniex. The organizers will tally user volumes and assign them the corresponding VIP levels, which will be valid for 90 days. If during this period a user moves to a higher level, they will receive it on a permanent basis. The campaign is not available to market-makers;
• by providing a screenshot of futures trading volume or the current VIP level on another exchange. In this case the user will receive the next level on Poloniex.

To participate in the \”VIP Challenge,\” you need to fill out the Google Form. The first 500 users who register for any of the activities will receive a trial fund of 5-25 USDT. With these funds you can open positions and withdraw the profits earned. The fund itself cannot be withdrawn from the account.

Poloniex — one of the oldest cryptocurrency exchanges, acquired by Justin Sun in 2019. The platform supports more than 500 trading pairs on both spot and futures markets, does not require KYC verification and does not block user accounts from Russia.

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