By
Benjamin Njiri
April 23rd, 2024
Thanks to the efforts of Circle, to buy collections of cryptocurrencies it will be enough just to make a few easy taps in Circle’s crypto purchasing app.
Since the launch of its Circle Invest, Circle has always been working hard on facilitation all the procedures for those who want to enter the space of cryptocurrency trading. Bearing this idea in mind, the company has introduced collections of multiple tokens.
From the very beginning of its history, Circle Invest has always been very straightforward and user-friendly. It was just enough to download an app, create an account and buy cryptos just in several steps. Nevertheless, for some newcomers it was rather difficult to understand the difference between the listed coins.
That’s why Circle decided to offer a new solution. Just a few months ago, the company presented its “Buy the Market” feature with a view to give its users a possibility to buy all the listed assets in one tap. The collections of cryptos are formed on the base of the market capitalization of the coins. It means that while the market cap of Bitcoin is much higher than of Litecoin, you will get more Bitcoins.
According to the company’s estimations, nearly 30% of its app users are enjoying the newly-introduced opportunities. Let us also remind, that recently Coinbase has introduced a similar solution which is known as Bundles which are pre-packaged collections of five coins (Bitcoin, Ether, Litecoin, Bitcoin cash, and Ethereum classic).
But Circle is not going to stop at this point. In the recently published blog post, Divya Agarwalla, Senior Vice President at Circle, told the readers that they had created three new collections of cryptos. These new collections will contain an index of coins on the base of their main goal/mission: Platforms, Payments, and Privacy.
Explaining the main idea of their initiative, Divya Agarwalla wrote:
“Projects like Bitcoin, Bitcoin Cash, Stellar, and Litecoin are trying to build superior payment rails based on blockchain technology so that making payments is as easy, instant, and as borderless as sending an email. If customers are passionate about this category of assets and want to invest, they can simply buy the Payments collection. Each of the assets in the collection will be weighted by market cap. Customers will also be able to educate themselves on the collections through our in-product content.”
In order to help its users, feel more confident throughout their crypto trading journey, the company is planning to offer them more collections and to provide more educational materials in the near future. It will enhance investment opportunities for people and let them choose categories that are the most interesting for them.
It’s also worth mentioning that based on the number of coins listed Circle Invest is one of the top apps for accessing a wide range of assets. In September, investment platform Circle listed EOS, Stellar, 0x and Qtum, which means that now 11 digital assets are available for buying on the platform.