Bitcoin, Crypto currency, Blockchain

Goldman Sachs backed Startup buys crypto exchange Poloniex

5737a74c8f4bfe590dfbaf4baca89131 - Goldman Sachs backed Startup buys crypto exchange Poloniex

For a long time rumors were that the trading platform Poloniex by a company, the Goldman group is affiliated to, has been purchased. This afternoon, the Startup Circle has confirmed on his Blog the purchase.

The Goldman Sachs support, Startup Circle has one of the largest crypto-currency exchanges in the world, bought Poloniex. This was announced on the Blog of the official website.

According to unconfirmed information, to Circle, to pay a total of $ 400 million for the purchase of Poloniex. A spokesman from Poloniex said in a Statement:

We are excited to work with Circle to localize our product into more geographies, to explore options for fiat connectivity across the major world currencies, and to continue providing our users with access to innovative token projects that extend cryptocurrency protocols to new use cases.

Circle is a company that has taken in the past various trade routes. It also operates a Peer-to-Peer payment system with the name Circle Pay.

Furthermore, there is still a Circle Trade. This platform is a type of trading stock exchange for large-scale investors in the crypto market, on the Fiätwährungen against crypto-currencies can be exchanged.

Circle Trade should have generated transactions worth over 2 billion dollars per month and a turnover of nearly 60 million dollars in only 3 months.

With the App Circle Invest, the company offers an App for the crypto-trade.

The Portfolio is likely to be expanded through the trading platform Poloniex accordingly, and for the future competitive.

For users of the trading platform Poloniex, it should be according to the Circle but no further problems (“Smooth Transition”).

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