How much profit is Poloniex bringing each day?

[bitcapitalist]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

[azguard]

in past few days in all exchanges price fluctuation was from 606 - 613$ pet bitcoin
you do match if you sell 613 and buy on 606 do this few times a day and you can make some profit small but still can make some

[mirakal]

Depends on the certain coins you trade, and every day the price changes so one thing I am certain is only poloniex who are making consistent money while traders are completely gambling. If you refer to BTC, the recent days was a good time for making profit because the price is continuously increasing.

[dunfida]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

I dont  really have an idea how much does poloniex would  bring each day but 1 things  for sure they would  be profitable in  any way and make money to their traders. I cant actually estimate but  for sure  they are profitable. Some members were right  that  traders are  completely gambling.

[PokerBetting]

this profit under fee transaction x to volume transaction

under 0,15 x volume transaction , the real profit still under commision maybe 0,05 x volume transaction this clean profit

[uncaer9]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

it's depending about how much his volume, also how much people get highest tier.
i think the minimum of profit is 0.38%(maker+taker tier 2)  x volume
detail fee of poloniex https://poloniex.com/fees/
example today volume of poloniex 24hr Volume: 23503 BTC / 2967 ETH / 1807 XMR / 519650 USDT  so poloniex get 89.314BTC/11.2746ETH/6.8666XMR/1974.67USDT

[n691309]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

From the poloniex charts we can see that the total amount that was traded the last 24 hours is $14,898,411  or 24,446 BTC then we should calculate the 0.2% in average (because the fees are from 0.15 - 0.25%).

[maydna]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

i think it will be different for big player and small player. but for me, its better to have stable 0.001 btc in hour and for a day in 0.01 btc. i think we can get 3% profit for each day rather than we only wait for example 2 days or 5 days only.

[uncaer9]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

From the poloniex charts we can see that the total amount that was traded the last 24 hours is $14,898,411  or 24,446 BTC then we should calculate the 0.2% in average (because the fees are from 0.15 - 0.25%).

that's for taker and maker in 1 transaction, 1buy or 1sell, poloniex take fee twice, from seller and buyer, so poloniex get profit 0.15%+0.25% from transaction in same tier 1, 0.14% + 0.24% from same tier 2 i think the average profit 0.38%

[Herbert2020]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

it is hard to calculate this for poloniex because they have a variable kind of fee calculations and it makes it difficult to come up with the exact amount.

according to Coinmarketcap poloniex had 24,675 as of this moment (this is the current volume from morning up until now not the total daily volume) that i suppose is somewhere between 50K to 100K depending on the day and how many pump and dumps are happening.

according to fees it can be between 0 and 0.25%
so on each trade i take a medium of 0.125% which will be calculated twice (one from maker and one from taker) and makes it 0.25 on each trade.

for 24,675 that would be 61.68BTC

[shinratensei_]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

In this day for trading in BTC/USD just will bring a small profit and maybe it's will not bring a profit, because too many the traders is starting migration into alt coin and that will giving bad effect into bitcoin trading and considering his rate and the volatility in this time.

[X-ray]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

it is hard to calculate this for poloniex because they have a variable kind of fee calculations and it makes it difficult to come up with the exact amount.

according to Coinmarketcap poloniex had 24,675 as of this moment (this is the current volume from morning up until now not the total daily volume) that i suppose is somewhere between 50K to 100K depending on the day and how many pump and dumps are happening.

according to fees it can be between 0 and 0.25%
so on each trade i take a medium of 0.125% which will be calculated twice (one from maker and one from taker) and makes it 0.25 on each trade.

for 24,675 that would be 61.68BTC

that's damn big amount of profit,with only USD to BTC / BTC to USD they can gain that much then how if we total the profits plus from an ALT COIN
well now i'm feeling regret why i can't code and make an exchangers LOL

[gentlemand]

Hey, let's not forget front running. There's no law against it and they'd be sorely tempted to do it. They must be swirling in insider info as well. Witness the ETC launch. That was proper fishy.

[Red-Apple]

Hey, let's not forget front running. There's no law against it and they'd be sorely tempted to do it. They must be swirling in insider info as well. Witness the ETC launch. That was proper fishy.

that is exactly what i came here to say.

these exchanges are not only relying on a fair business and earning only through fees. that is nothing for them compared to the massive amount they gain from their manipulations.

whenever people say willibot or manipulation everybody thinks of MtGox and how they are dead and gone but they forget that all these altcoin exchanges like poloniex are still doing similar thing with altcoins.

poloniex have gone offline, frozen accounts and withdrawals a lot of time during the initial ethereum pump which was all to prevent the dumps whenever there was a negative news about it and there was a fear of mass dumps. and these are all because they have invested lots of their money in it.

[n691309]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

From the poloniex charts we can see that the total amount that was traded the last 24 hours is $14,898,411  or 24,446 BTC then we should calculate the 0.2% in average (because the fees are from 0.15 - 0.25%).

that's for taker and maker in 1 transaction, 1buy or 1sell, poloniex take fee twice, from seller and buyer, so poloniex get profit 0.15%+0.25% from transaction in same tier 1, 0.14% + 0.24% from same tier 2 i think the average profit 0.38%

I hope to be good at math so 0.4% in average from both the seller and buyer from $15m is equivalent to $60k within a day, x30 days(in a month) is equal to 1.8 million us dollars profit monthly!!! Correct me someone if I made a mistake.

[bitcapitalist]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

From the poloniex charts we can see that the total amount that was traded the last 24 hours is $14,898,411  or 24,446 BTC then we should calculate the 0.2% in average (because the fees are from 0.15 - 0.25%).

that's for taker and maker in 1 transaction, 1buy or 1sell, poloniex take fee twice, from seller and buyer, so poloniex get profit 0.15%+0.25% from transaction in same tier 1, 0.14% + 0.24% from same tier 2 i think the average profit 0.38%

I hope to be good at math so 0.4% in average from both the seller and buyer from $15m is equivalent to $60k within a day, x30 days(in a month) is equal to 1.8 million us dollars profit monthly!!! Correct me someone if I made a mistake.

That is insane, are they even regulated by any government?

[n691309]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

From the poloniex charts we can see that the total amount that was traded the last 24 hours is $14,898,411  or 24,446 BTC then we should calculate the 0.2% in average (because the fees are from 0.15 - 0.25%).

that's for taker and maker in 1 transaction, 1buy or 1sell, poloniex take fee twice, from seller and buyer, so poloniex get profit 0.15%+0.25% from transaction in same tier 1, 0.14% + 0.24% from same tier 2 i think the average profit 0.38%

I hope to be good at math so 0.4% in average from both the seller and buyer from $15m is equivalent to $60k within a day, x30 days(in a month) is equal to 1.8 million us dollars profit monthly!!! Correct me someone if I made a mistake.

That is insane, are they even regulated by any government?

As far as I know yes and I found in their website Wilmington, DE, USA but the profit which I calculated is very high and of course that a good part of it goes to maintain the exchange and updating the security holes which is the most important part of an exchange.

[franky1]

Anyone have a rough idea of how much profit Poloniex.com is bringing each day?

Please point the approximately amount in BTC or USD

Thank you!

From the poloniex charts we can see that the total amount that was traded the last 24 hours is $14,898,411  or 24,446 BTC then we should calculate the 0.2% in average (because the fees are from 0.15 - 0.25%).

that's for taker and maker in 1 transaction, 1buy or 1sell, poloniex take fee twice, from seller and buyer, so poloniex get profit 0.15%+0.25% from transaction in same tier 1, 0.14% + 0.24% from same tier 2 i think the average profit 0.38%

I hope to be good at math so 0.4% in average from both the seller and buyer from $15m is equivalent to $60k within a day, x30 days(in a month) is equal to 1.8 million us dollars profit monthly!!! Correct me someone if I made a mistake.

That is insane, are they even regulated by any government?

As far as I know yes and I found in their website Wilmington, DE, USA but the profit which I calculated is very high and of course that a good part of it goes to maintain the exchange and updating the security holes which is the most important part of an exchange.

lol
you do know that the address poloniex website lists is(whois search)
5 Middlesex Ave, Somerville, MA 02145, United States
which is just a virtual office/mail service
http://www.alphalandmark.com/

as for the wilmington DE address
(1013 Centre Road, Suite 403-B, Wilmington, DE 19801, United States)
which is just the address of their incorporating agent
http://www.inclegal.com/

in short, you wont find Mr. Tristan D'Agosta in either location unless you call him up and give him a few days notice for him to get there and pretend he has always been there.

atleast mtgox had a fixed address where people can see the owner walking to work with a cup of coffee to be able to protest outside of when things went wrong.https://www.youtube.com/watch?v=qd0jMns_Neg
same cant be said about poloniex

[outatime1]

Poloniex has a 24 hr volume today of 43726 bitcoins and 5885 users online. I don't know how much money they are making, but I'm sure you could compare trading volume to other exchanges.

[Ewinsane]

i think that Poloniex bringing a lot profit but there is no one have accurate idea that profit of Poloniex , and Poloniex is a popular and big exchange so i am sure that Poloniex are  getting a huge profit each day.