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Poloniex now allows fiat-to-crypto trading, credit card purchases

by Frank Chaparro and Yogita Khatri

July 9, 2019, 2:00PM EDT  ·  2 min read
The Block

Quick Take

  • Crypto exchange Poloniex now offers fiat-to-crypto trading, using bank accounts as well as debit and credit cards
  • Until now, it operated only as a crypto-to-crypto trading platform

by Frank Chaparro and Yogita Khatri

July 9, 2019, 2:00PM EDT  ·  2 min read

Cryptocurrency exchange Poloniex is rolling out new functionality for its user base as it attempts to resurrect its marketplace.

The exchange announced Tuesday that it’ll now allow fiat-to-crypto trading, meaning customers can deposit and withdraw funds using bank accounts, as well as purchase crypto assets trading on Poloniex with debit and credit cards.