#169 Goldman Sachs + SEC = Circle Acquires Poloniex

in news •  7 years ago 

Circle just announced that it is acquiring U.S.-based cryptocurrency exchange Poloniex. According to Fortune, Circle is paying $400 million for the acquisition. Circle Trade fosters liquidity between a handful of fiat currencies and cryptocurrencies, and has big investors — including Goldman Sachs, Chinese Internet giant Baidu, and venture capitalist Jim Breyer. In Circle's last round of funding, in June 2016, Circle was valued at $480 million. (It’s no doubt worth a lot more now.)

Poloniex has been around for years and used to be one of the biggest exchanges out there — there are now many exchanges competing with Poloniex. Circle Trade also powers Circle Pay behind the scene; Circle Trade manages $2 billion a month in transactions; and Centre is a protocol that is seeking to make Alipay, PayPal, Circle and other digital wallets interoperable.

Big changes are coming to crypto. Let's Discuss!

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===SHOW LINKS===

https://techcrunch.com/2018/02/26/circle-acquires-cryptocurrency-exchange-poloniex/
https://twitter.com/nathanielpopper/status/968202570719117313
https://coinmarketcap.com/exchanges/poloniex/
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/
https://en.wikipedia.org/wiki/Circle_(company)
https://www.crunchbase.com/organization/circle-2#section-locked-marketplace
https://www.coindesk.com/circle-acquires-poloniex/
https://poloniex.com
https://www.crunchbase.com/organization/poloniex
http://bitcoinist.com/bank-of-america-bitcoin-threat-sec-report/

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The path to mass adoption of Crypto is slow, slow, then its fast. We aren't moving slowly anymore, so...

Someone said, being in crypto is like waiting for Xmas, but not knowing what the date of the holiday will be :)

nathanielpopper Nathaniel Popper tweeted @ 26 Feb 2018 - 19:14 UTC

Just got this slide from a confidential Circle presentation. It does more to explain Circle's acquisition of Poloni… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

Thanks Gary. Always appreciated to ground us with cold hard cash implications.
I made a graphic to pinpoint a major reason for celebrating this event
https://steemit.com/bitcoin/@marcfrazier/the-polo-circle