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

Mon, 02/26/2018 - 15:35
Darryn Pollock
Mobile payment app, Circle has acquired major cryptocurrency exchange Poloniex
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.


Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Darryn Pollock is an award winning  journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach.  He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy