Bitcoin Exchange Poloniex Bought Out by Mobile Payment App Circle For $400 Mln

By Darryn Pollock

Mon, 26/02/2018 - 15:35

Mobile payment app, Circle has acquired major cryptocurrency exchange Poloniex

Bitcoin Exchange Poloniex Bought Out by Mobile Payment App Circle For $400 Mln

Cover image via U.Today

Poloniex, a major cryptocurrency trading platform, has announced today that it will be joining mobile-payment app Circle in a partnership worth $400 mln according to Fortune. The Circle partnership will see Circle expanding its cryptocurrency stable into a platform called 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 mln today at press time.