Home Crypto To Bring Fiat Pairs and to Focus on Crypto, Circle buys Poloniex

To Bring Fiat Pairs and to Focus on Crypto, Circle buys Poloniex

Circle, a crypto and payments company, which has succesfuly raised over $100 from top firms like Goldman Sachs, has bought the cryptocurrency exchange Poloniex to bring the fiat pairs.

Crypto Assets, Fiat Pairs

The co-founders of Circle, Jeremy Allaire and Sean Neville, have officially announced the buying of Poloniex by their company on February 26, 2018. They welcomed the founding team of Poloniex and their current user base.

Competition

Binance became the largest crypto exchange world in just 6 months. It currently adds more than a million users a month. The volume on Binance is over $2 billion in daily cryptocurrency assets trading.

Poloniex is targeting the same user base as Binance. The task to overcome Binance seems impossible, however with adding fiat trading pairs it shouldn’t be difficult.

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