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

Mobile payment app, Circle has acquired major cryptocurrency exchange Poloniex

Mon, 26/02/2018 - 15:35

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.

#Cryptocurrency exchange

About the author

Darryn Pollock

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.