What is Poloniex?
Launched in Delaware, USA, Poloniex was founded by Tristan D’Agosta in 2014. Right after launch, Poloniex suffered a high-profile hack in March 2014 when it lost about 12% of its BTC, which was worth approximately USD 50,000 at the time. Nevertheless, the exchange’s management responded to the hack by offering full reimbursements for the stolen Bitcoins.
Poloniex allows users to buy, trade and sell lots of different cryptocurrencies, which includes popular coins like Bitcoin, Ethereum Doge coin and other alt coins. The exchange is very popular, with daily trading volumes of over $100 million.
For more experienced traders, Poloniex also offers additional services such as margin trading and even Poloniex lending. You can even automate your Poloniex lending with a Poloniex lending bot, such as Aivren.