Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement

2019-1-4 11:47

CoinSpeaker
Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement

It’s not a secret that 2018 was a rather controversial and challenging year for the cryptocurrency world. Nevertheless, some companies can be really proud of their year results. And cryptocurrency finance firm Circle is definitely one of them.

In its official blog post, the company has shared its 2018 accomplishments.

General Growth in 2018

According to the statement, Circle has managed to show excellent growth rates. At the current moment, it works with 8 million customers living in more than 195 countries. In 2018, the company conducted over 200 million transactions worth roughly $75 billion.

Moreover, Circle started 2018 with two products and expanded to five by the end of December. Circle released its crypto investment app ‘Circle Invest’, acquired a digital token exchange Poloniex, issued its first stablecoin USDC, purchased a crowdfunding platform called SeedInvest – and it’s still not the full list of the company’s achievements for 2018.

OTC Trading

According to Circle, its OTC trading business, Circle Trade, is also expanding despite the difficulties that the entire industry faced in 2018.

Circle Trade managed to welcome a record number of institutional customers, expand its services across the US, Asia, and Europe as well as to introduce significant technical improvements.

As it has been revealed, in the previous year, Circle Trade executed over 10,000 OTC trades with 600 different counterparties. In total, the transactions across 36 digital assets generated a notional volume of $24 billion.

OTC trading provides investors with an opportunity to conduct trades directly with one another without a necessity to rely on intermediaries such as crypto exchanges. In general, OTC trading services in digital assets represent a special interest for institutional investors who are turning to Circle Trade’s services more and more often.

Acquisition of Poloniex

Poloniex acquisition which happened in early 2018 is one of the most important events for Circle. Circle took a decision to acquire one of the earliest crypto exchanges with a view to expand its activities and offer additional support for cryptocurrencies as well as to provide its customers with enhanced services.

In 2018, Poloniex experienced numerous upgrades including technical and regulatory changes. Moreover, a range of new digital assets was added to the platform. This list included EOS, BAT, SNT, KNC, LOOM, FOAM, MANA, BNT, and USDC. At the same time, 20 coins were excluded from Poloniex.

Acquisition of SeedInvest

Another strategic acquisition made by Circle in 2018 is purchasing SeedInvest. One of the reasons why Circle took a decision to acquire this crowdfunding platform is its desire to win a federal banking license.

The end goal of this initiative is to register with the SEC and to give traders a possibility to buy and sell tokens as securities for the first time which could become an important accomplishment for the entire crypto community.

2018 was a very productive year for Circle but the company believes that 2019 will bring even more results.

Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.0678561 (-90.43%)

2018 company achievement circle volume only otc

Источник: coinspeaker.com

2018 company → Результатов: 126


Crypto Giant Coinbase Made Strides In Q4 2018, Even As Bitcoin (BTC) Plunged 40%

Although Coinbase has recently become a controversial company, especially as it began to add crypto assets left and right, the company has long had an unrelenting drive for innovation. Since setting up shop in 2012, the San Francisco-headquartered startup, headed by a former Airbnb employee with visions of grandeur, has quickly set the industry standard in.

2019-1-4 02:00


Фото:

2018: The year Congress and social media collided

One of the biggest, and most unwelcome revelations of the past few years is just how much social media platforms can be — and have been — used for manipulation and distribution of falsehoods. And in 2018, several social media executives were called into the hot seat in front of elected officials to account for their company’s inability to foresee, prevent, or, in some cases, efficiently treat their multitudinous problems.

2018-12-28 12:00


Фото:

Japanese IT Giant GMO Quits Selling Crypto Mining Equipment after Market Slump

Per a report published on December 25, 2018, Japanese internet giant GMO has decided to call off their business of manufacturing and selling cryptocurrency mining machines. Market Slump to Blame for Declining Profits According to the report, GMO’s in-house mining business profitability took a major beating due to the declining cryptocurrency prices.

2018-12-28 09:00


Фото:

Japan’s Second Largest Bank to Launch its Own Cryptocurrency in March 2019

According to a report published by Finance Magnets, on December 26, 2018, Japan-based company Mizuho Financial Group is primed to launch its yen-pegged cryptocurrency in March 2019. Mizuho’s Stablecoin to Be Launched in March 2019 The cryptocurrency being introduced by Mizuho will have parity with the Japanese yen and can be used to make and receive payments through a mobile.

2018-12-28 06:00


Фото:

Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-29 21:20


Фото:

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-27 21:20


Фото:

Comcast to Introduce a Blockchain-Based Solution for Increasing Data Privacy

Telecommunications giant Comcast will integrate blockchain technology to better match audience-generated data with thousands of advertising partners, reported Adweek on December 22, 2018. Peer-to-Peer Media Blockchain The Philadelphia-based company is partnering with mass media player Viacom, and advertising solutions provider Spectrum Reach to develop an enterprise-grade private blockchain network.

2018-12-25 12:00


Nano Founder Blasts XRP Cryptocurrency Saying Ripple’s Too Centralized and Slow for Bank Use

Ripple has made waves in the past two years. Since their arrival on the scene three years ago, the Ripple company has experienced a lawsuit, massive gains, massive losses, and major acquisitions. Even the crypto winter of 2018 has apparently been busy for the company, with the organization’s leaders coming forward nearly every month with […]

2018-12-23 05:58


Фото:

Western Union Claims to Be Technologically Ready for Cryptocurrency Adoption

In a press release and accompanying video posted on YouTube, financial services company Western Union has expressed interest in adopting blockchain technology and cryptocurrency. The video published December 17, 2018, features President Western Union Global Money Transfer, Odilon Almeida, as saying that the company could be uniquely positioned to take digital currency usage and adoption mainstream.

2018-12-19 20:00


Bloomberg Crypto Report Says Tether Stablecoin Earned $6.6 Million in Interest in First Half of 2018

Tether (TS) was able to earn around $6.6 million during the first six months of the year according to a report released by Bloomberg on December 18. With the US Dollars reserves that it has across different banking institutions, the company is able to make several millions of interests. At the same time, citing sources […]

2018-12-19 00:35


Фото:

Triip Travel Impact Company Adds Ether (ETH) and Tomochain (TOMO) to List of Payment Options

Triip, a Singaporean, global travel platform that claims to make it possible for travelers to enjoy exciting private tours by offering them frictionless hotel booking experiences in 227 countries, has announced that its clients will soon be able to book their travels with Ether and TOMO tokens, according to local news source Digital News Asia on December 13, 2018.

2018-12-15 19:00


Фото:

Bear-Resistant: Blockstack Reaches “Milestone 1,” Unlocks $25 Million

Despite red water market conditions, Blockstack announced on December 13, 2018, that they had “unlocked” $25 million in resources to continue their blockchain development. In a company blog post, co-founder Muneeb Ali described the necessity of an advisory board, reviewed the firm’s milestones, and explained how the newly released funds would be put to use.

2018-12-15 00:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

FINRA выдало краудфандинговой платформе от Circle лицензию альтернативной торговой системы

Агентство по регулированию деятельности финансовых институтов (FINRA) одобрило статус краудфандинговой платформы SeedInvest как альтернативной торговой системы (ATS). Теперь она будет работать в качестве вторичного рынка для акций частных компаний, что позволит инвесторам торговать своими долями в стартапах.

Компания Circle завершила покупку краудфандинговой платформы SeedInvest

Эмитент стейблкоина USDC и оператор биткоин-биржи Poloniex компания Circle объявила о завершении процедуры покупки краудфандинговой платформы SeedInvest. Как говорится в блоге компании, сделка, условия которой не разглашаются, завершена после получения соответствующего разрешения Агентства по регулированию деятельности финансовых институтов (FINRA).