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Circle, a startup focused on peer-to-peer payments as well as providing liquidity to the crypto markets, has acquired U.S. based crypto exchange Poloniex. The purchase price is reportedly $400m and may indicate Circle's broader and more diversified ambitions.
In other words, Circle Trade fosters liquidity between a handful of fiat currencies and cryptocurrencies. Circle Trade also powers Circle Pay behind the scene. According to Fortune, Circle Trade manages $2 billion a month in transactions and generated $60 million in revenue in just three months. The company now wants to expand beyond those two products with Circle Invest, an easy-to-use investment app to start buying cryptocurrencies, and Poloniex, a full-fledged exchange. Fortune also says that Circle is also working on Centre, a protocol that is going to make Alipay, PayPal, Circle and other digital wallets interoperable. And if you’re a Poloniex user, Circle says that the transition should be smooth.
https://techcrunch.com/2018/02/26/circle-acquires-cryptocurrency-exchange-poloniex/
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