For a long time, there were rumors that the Poloniex trading platform had been bought by a company belonging to the Goldmann Group. This afternoon the Startup Circle confirmed the purchase on his blog.
Supported by Goldman Sachs, Startup Circle has purchased one of the largest crypto currency exchanges in the world, Poloniex. This was announced on the blog of the official corporate website.
According to unconfirmed statements, Circle is expected to pay a total of $ 400 million for the purchase of Poloniex. A spokesperson for Poloniex said in a statement:
We are excited to work with Circle to localize our product in more geographies, to explore options for fiat connectivity across major world currencies, and to continue providing our users with access to innovative token projects that extend cryptocurrency protocols to new use cases.
Circle is a company that has taken various business paths in the past. It operates, among other things, a peer-to-peer payment system called Circle Pay.
There is also Circle Trade. This platform is a kind of trading exchange for large investors in the crypto market, where fiat currencies can be swapped for cryptocurrencies.
Circle Trade is said to have generated over $ 2 billion worth of transactions per month and nearly $ 60 million in just 3 months.
With the App Circle Invest the company offers an app for crypto trading.
The portfolio is likely to be expanded and made more competitive for the future by the Poloniex trading platform.
For users of the trading platform Poloniex there should be no further problems, according to Circle.