Circle

Circle is a consumer finance company focused on transforming the world economy with secure, simple, and less costly technology for storing and using digital money. It was founded by Jeremy Allaire and Sean Neville in October 2013.  Circle’s mobile payment platform, Circle Pay, allows users to hold, send, and receive traditional fiat currencies .

In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services. In April 2016, the British government approved the first virtual currency licensure to Circle. The company is headquartered in Boston, Massachusetts.

Up until December 2016, Circle Pay also operated as a bitcoin wallet service to buy and sell bitcoins. It has since ceased to provide such service, claiming the company “is now more than ever not a consumer bitcoin exchange, and will continue to focus resources on global social payments and future next-generation blockchain technology”. Circle has launched a Bitcoin Blockchain-based remittance and messaging application to serve the unbanked.

On February 26, 2018, Circle announced that they purchased Poloniex Cryptocurrency exchange for $400 million. Amid the developments around the acquisition, one of Circle’s leaked documents detailing its plans on operating Poloniex revealed the company’s moves to become “The US’s First Regulated Crypto Exchange” supported by its mutual understanding with the SEC.

Poloniex Exchange to be the First to Offer Trading for the Upcoming Bitcoin Cash Hard Fork
November 8th, 2018

Poloniex, crypto exchange operated by Goldman Sachs-backed startup Circle, announces its support for both Bitcoin Cash proposals after Bitcoin Cash hard fork takes place.

Circle’s USDC Stablecoin Becomes the First to Be Listed on Coinbase
October 24th, 2018

Circle’s USD Coin has recently been listed by Coinbase as the first stablecoin supported by the exchange and the second ERC-20 token available for trading.

As Tether’s Valuation Sinks, Gemini Dollar Takes Lead in the Stablecoin Market
October 17th, 2018

Controversial stablecoin Tether is going through a rough phase losing nearly 20% of its valuation in a week’s time with the decrease in USDT circulation in the crypto market.

Circle Expands Further Moving to Acquire Crowdfunding Platform for Startups
October 8th, 2018

Circle has made another strategic acquisition by purchasing SeedInvest. SeedInvest, a crowdfunding platform that has helped various companies raised $100 million, will help aid in Circle’s ultimate goal of seeking a federal banking license.

Circle Invest Launches Three New ‘Collections’ to Simplify Investors’ Experience
October 5th, 2018

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.

Stablecoin Euphoria: Cryptocurrency Finance Firm Circle Releases Its First USD Stablecoin
September 27th, 2018

A global crypto finance company Circle finally releases its first stablecoin USDC, which is already available on Circle Trade and Circle’s exchange Poloniex.

Circle Invest Adds EOS, Stellar, 0x and Qtum Now Totaling to 11 Cryptos Listed
September 26th, 2018

Investment platform Circle has listed EOS, Stellar, 0x and Qtum on its platform. The assets can be bought through the Circle Invest platform either individually or as part of a basket using the “Buy the Market” retail portfolio investment feature.

Major Crypto Companies to Form Blockchain Association in Washington
September 12th, 2018

The largest U.S. cryptocurrency firms are going to create their association with a view to lobby Washington on the industry-related issues.

Crypto Startup Circle in Talks With U.S. to Become Federally Licensed Bank
June 6th, 2018

One of the most valuable cryptocurrency platforms is ready to become a ‘Guinea Pig’ for the U.S. regulators and break the ice between it and the crypto sphere.

Circle Invest Makes ‘Buy the Market’ Feature Available
May 23rd, 2018

Introducing new ‘Buy The Market’ feature, Circle Invest wants to make the world of cryptocurrencies more available for novices.