Circle Rolls Out Crypto Investment App in 46 US States

Four months after the first announcement, the digital payments firm, Circle has formally launched its storage app (Circle Invest) and digital investment.

Circle launched the activity on Tuesday and described the app as built around investing and not trends. Clients can download and use the product through Google Play or Apple’s App in 46 states excluding Minnesota, Wyoming, New York, and Hawaii. Previously, the app was available to a certain number of users during testing.

However, the firm is working on making the application available in New York according to emails sent to customers. The circle is among the four companies that have received BitLicense from the New York state, which has strict regulations on cryptocurrency exchanges.

As per the blog post, the app is already in the ‘early access availability’ phase, even though customers can now download it.

According to the post, users are welcomed to offer feedback on the app version, which featured on app planned benefits.

The post stated, “With no minimums, no commissions, instant deposits or performance tracking among several factors that are witnessed on different coins, we have made our application fast, simple and cheap to invest in digital assets and crypto and we have only started.”

The app permits users to trade or invest bitcoin, ethereum, litecoin, bitcoin cash, and ethereum classic and more tokens will be available in the future, as indicated on the Circle's website. As of press time, the token was not put on app’s site, even though XRP appeared in a screenshot during the initial announcement.

Users can link their bank accounts to enable instant deposits since the platform provides market data.

Notably, the application provides commission-free trading. As per its website, Circle Invest app earns money by taking a 1.5-2 proportion difference between every coin’s buying and selling prices.

For customer security, users are provided with offline storage, privacy protection, and two-step verification according to the email sent.

The launching of the app comes a few weeks after Circle disclosed of purchasing the cryptocurrency exchange Poloniex, which will cater as the basis for a future crypto supermarket and where all sorts of digital tokens are set to be traded.