Poloniex
| Primary URL | Location | Industry | poloniex[.]com |
Country
Sweden
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Financial Services
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Profile
Poloniex is a cryptocurrency exchange that provides a platform for trading various digital assets, including Bitcoin, Ethereum, and numerous altcoins. It offers spot trading, margin trading, and lending services. It serves a global user base, allowing individuals and institutions to buy, sell, and hold cryptocurrencies. The exchange provides API access for automated trading and integrates with wallet services.
Poloniex is known for its early entry into the crypto exchange market, having launched in 2014. It has positioned itself as a platform emphasizing security features such as two-factor authentication and withdrawal whitelists. The exchange has also engaged in compliance efforts, seeking to align with regulatory expectations in jurisdictions where it operates. Its technical infrastructure supports high-frequency trading and offers a range of order types.
In December 2019, Poloniex experienced a security breach that exposed user email addresses and passwords, prompting a mandatory password reset and advice to enable two-factor authentication. The company did not issue an official public statement about the breach's scope, leading to speculation about transparency. No explicit information about ownership or parent/subsidiary relationships is provided in the source material.