Circle Buys Poloniex | Could it be the Bitcoin Bank of the Future?

circle buys poloniex

Financial services firm Circle have today announced that they are purchasing cryptocurrency trading platform Poloniex.

Though price details were not included in Circle’s official statement, a Fortune report puts the cost at a whopping $400 million. It also raises Circle’s profile as a cryptocurrency exchange, putting it on the heels of leading platforms Coinbase, Bittrex, and Kraken.

Backed by venture capital firms and investors such as Goldman Sachs, Circle is a peer-to-peer payment app which aims to make money transfers as simple and informal as sending a text or e-mail. Using blockchain technology, Circle …

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