Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: CryptoGirl on February 27, 2018, 01:51:44 PM

Title: Mobile Payments App Circle Acquires Crypto Exchange Poloniex For $400 Mln
Post by: CryptoGirl on February 27, 2018, 01:51:44 PM

Quote

Goldman Sachs-funded Money-sending app Circle has announced today, Feb. 26, that they have acquired major US-based cryptocurrency exchange Poloniex for $400 mln, Fortune reports.

 Circle is made up of three parts: Circle Pay for fiat transfers, Circle Trade as a liquidity provider of cryptocurrencies, and the upcoming Circle Invest, an app that will allow retail customers to invest in crypto markets.

The Poloniex exchange offers trades in 68 different coins, and is currently the 14th largest crypto exchange by 24-hour volume on CoinMarketCap, trading a total of almost $140 million today to press time.

http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

https://blog.circle.com/2018/02/26/circle-acquires-poloniex/

https://poloniex.com/press-releases/2018.02.26-Poloniex-joins-Circle/