Home News Goldman-Backed Circle Acquires Crypto Exchange Poloniex

Goldman-Backed Circle Acquires Crypto Exchange Poloniex

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Former bitcoin startup Circle has acquired US-based cryptocurrency trade Poloniex.

Circle, one of many earliest and the best-funded startups within the bitcoin trade has introduced its acquisition of Poloniex, one of many world’s largest cryptocurrency exchanges.

In an announcement, Circle co-founders Sean Neville and Jeremy Allaire said:

“We’re proud to announce that Circle has extended its commitment to a new vision for global finance by acquiring Poloniex, a leading token exchange platform.”

The co-founders outlined a handful of aims taking speedy precedence, underlining enhanced buyer expertise, market growth with further help for cryptocurrencies and, ‘most importantly’ retaining the options and companies already on supply at Poloniex.

In 2015, Goldman Sachs was the lead investor in Circle’s $50 million funding round.

Circle notably obtained New York’s first ever BitLicense in September 2015. A European expansion adopted after incomes an digital cash license, the primary bitcoin firm to take action, in Britain come April 2016.

Developing…

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