Poloniex announces deposits and withdrawals work again, BTC/USDC trading fees waived for a month
Poloniex exchange has recently announced in a tweet that deposits and withdrawals of cryptocurrency are up and working again.
“Deposits and withdrawals are now available and working as expected. Thanks again for your patience!” tweeted Poloniex exchange.
Deposits and withdrawals are now available and working as expected. Thanks again for your patience!
— Poloniex Exchange (@Poloniex) December 1, 2018
Earlier chains that branched out of Bitcoin Cash- BCHABC and BCHSV had faced a major problem with deposits and withdrawals at the exchange. This led to the exchange closing its wallet for a brief period of time.
The nature of the problem for BSV could not be tracked but it was noted that transactions failed to pass through all the nodes of the BSV chain.
In order to deliver a better experience to its customers, Poloniex had recently announced that they have waived fees on USD Coin (USDC) trades until the end of December.
The exchange announced, that until 2019 users can buy BTC without having to pay any fees after having converted USD to USDC by using Circle’s free service.
Since the launch of the stablecoin in September, USDC has been a part of more than 50 trading platforms, exchanges, protocols, wallets, and applications. This, in turn, has increased USDC’s trading volume to over 130 million.
To make free trades on Poloniex, users can avail USDC on Coinbase or via Circle.
According to a recent report by BC Focus, the OmiseGo team had announced that they will be distributing 5% of the collective supply of OMG to holders of ETH through an airdrop. This airdrop was based on a snapshot that captured account balances when the block height was 3988888 on the Ethereum Blockchain which was mined at 4.36 PM UTC on 7 July 2017. Users who had more than 0.1 ETH were eligible to receive the same proportion of OMG. The Poloniex exchange recently announced that they will too credit OMG into customer accounts. When the snapshot was taken, one ETH was equal to 0.075 OMG.
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