As the value of cryptocurrencies continues to grow, so does the opportunity for business acquisitions. Circle, a peer-to-peer payments technology company using the blockchain, founded by Jeremy Allaire and Sean Neville in October 2013 have just announced the acquisition of Poloniex, a crypto exchange.
According to Reuters, Circle is “one of the leading players in the over-the-counter market for bitcoin trading, and is soon launching a retail-focused app for buying cryptocurrencies, Circle Invest. One of the best-funded blockchain startups, its investors include Goldman Sachs Group Inc and Baidu Inc.”
Poloniex offers trading on a wide range of cryptocurrencies including ICO tokens known as Initial Coin Offerings.
In recent months, the need for regulation of crypto businesses has increased and according to Reuters, Circle co-Founder Sean Neville stated that they intend to play a leadership role in developing national and global regulatory framework.
Read full article here – Goldman-backed startup Circle buys major crypto exchange Poloniex
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