Previous bitcoin startup Circle has bought US-based crypto exchange Poloniex.
Circle, one of the first and the best-funded startups in the bitcoin sphere has declared it’s obtaining of Poloniex, one of the biggest cryptocurrency exchanges in the world.
Circle co-founders S. Neville and J. Allaire said in a statement:
“We’re proud to announce that Circle has extended its commitment to a new vision for global finance by acquiring Poloniex, a leading token exchange platform.”
The co-founders named a number of objectives taking urgent priority, stressing increased client experience, market extension with additional aid for cryptocurrencies and, ‘most importantly’ retaining the features and services already on offer at Poloniex. Sachs was the main investor in Circle’s $50 million funding round in 2015.
In September 2015, Circle noticeably received New York’s first ever BitLicense. A European extension followed after earning a crypto money license, the first bitcoin firm to do so, in Britain come April 2016.