Circle Gets Leaner As Digital Asset Broker Voyager Acquires Crypto Investing App

2020-2-13 21:47

Circle Invest, the digital asset investment app of Circle Internet Financial Ltd., has been sold for an equity stake to Canada-based Voyager Digital Ltd.

Voyager will now issue to Circle common shares that represent around 4% ownership at Circle. It will also reimburse some costs to the Boston-based company. On Tuesday in New York, Voyager shares were traded at around 22 cents.

Circle To Focus on USD Coin (USDC)

First being focused on retail-oriented cryptocurrency businesses, Circle has started as of late to pay more attention to its own USDC stablecoin. Back in December 2019, they sold Circle Trade, an over-the-counter business based on trading that it owned to Kraken, the famous crypto exchange.

Voyager to Add Over 40,000 Retail Accounts

With the new acquisition, Voyager is going to add over 40,000 retail accounts, so its customer base is sure to reach more than 200,000 users, as a statement released by the company says. The transaction for the agreement is supposed to be closed by the end of next month.

As the partnership says, the collaboration is meant to deliver the companies’ joint customer base rapid and global payments at low costs. This is what Voyager’s chief executive officer, Steve Ehrlich, had to say about the matter:

“It’s transformative for Voyager in that we get to scale our business in an efficient way with such a great partner as Circle.”

Circle Invest’s Retail Customers Will Gain Access to Voyager’s Brokerage

Retail customers of Circle Invest will gain access to Voyager’s services for brokerage, including the 0 commission trading of over 30 crypto assets, digital transfers, secure omnibus custody portfolio, and wallet management tools and lock-up free interest yield for the popular coins. This is what Circle’s Director of Product Management, Rachel Mayer said about her company’s agreement with Voyager:

“We're very happy to be able to provide Circle Invest customers with a broader depth of retail investment features through the transaction with Voyager.

This transition comes at a time when Circle is launching new platform services and products for businesses around the world to help them bring the benefits of stablecoins into their products and grow global commerce in new and innovative ways.”

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circle digital → Результатов: 126


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BitGo Adds Support For Stablecoins; Set Sights on Listing 100 Cryptos and Tokens By the End of 2018

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2018-11-18 20:00


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BitGo Adds Support For Stablecoins; Set Sights on Listing 100 Cryptos and Tokens by the End of 2018

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2018-11-18 20:00


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CoinJar Cryptocurrency Exchange Founder Says Stablecoin Will Transform the Crypto World

At a time when stablecoins have become the rave of the moment in the cryptoverse, with several startups from Circle Internet Financial, Gemini, and others launching own dollar-backed altcoins, Asher Tan, the co-founder of CoinJar, a digital assets platform, has predicted a bright future for the price-steady alternatives according to a Financial Review report on November 12, 2018.

2018-11-13 06:00


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Global Digital Finance Release Industry Code of Conduct to Establish Global Crypto Standards

On Wednesday, October 31, Global Digital Finance released the cryptocurrency industry Code of Conduct that will help to standardize and increase adoption of the crypto economy. It also noted that leading crypto companies, Circle, Coinbase, ConsenSys, R3, Diginex, Hogan Lovells and DLA Piper have joined the GDF as Founding Members of the New York, Hong […] Global Digital Finance Release Industry Code of Conduct to Establish Global Crypto Standards was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-3 05:29


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Cryptocurrency ‘Code Of Conduct’ Comes From Circle, Coinbase and Others

Circle, Coinbase and ConsenSys are among the group of “founding members” choosing to leverage crypto nonprofit Global Digital Finance to create new ethics standards. Businesses Will ‘Demonstrate Professional Standards’ In an October 1st press release, the recently-formed Global Digital Finance (GDF) announced it was releasing its Code of Conduct (also known as the GDF Code) and Taxonomy for Cryptographic Assets after a two-month ratification period from its community over a “series of mini summits.

2018-11-2 22:00


Circle, Coinbase и ConsenSys вошли в Global Digital Finance

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2018-11-1 07:47


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Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

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