Difference between revisions of "Circle"
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== Background == | == Background == | ||
| + | Circle Internet Financial was launched in October 2013 with $9 million in investments.<ref>{{cite web|url=https://techcrunch.com/2013/10/31/circle-raises-9m-series-a-from-accel-and-general-catalyst-to-make-bitcoins-mainstream/|name= | ||
| + | Circle Raises $9M Series A From Accel And General Catalyst To Make Bitcoins Mainstream|org=TechCrunch|date=June 26, 2018}}</ref> In late April 2015, Goldman Sachs announced that along with IDG Capital Partners it was planning to lead a $50 million financing round into Circle.<ref>{{cite web|url=https://www.nytimes.com/2015/04/30/business/dealbook/goldman-and-idg-put-50-million-to-work-in-a-bitcoin-company.html|name=Goldman and IDG Put $50 Million to Work in a Bitcoin Company|org=New York Times|date=June 26, 2018}}</ref> | ||
=== Recent Developments === | === Recent Developments === | ||
| − | In late February 2018 Circle announced that it was purchasing Poloniex, one of the largest cryptocurrency markets at the time.<ref>{{cite web|url=https://www.reuters.com/article/crypto-currencies-circle/goldman-backed-startup-circle-buys-poloniex-cryptocurrency-exchange-idUSL8N1QG43V|name=Goldman-backed startup Circle buys Poloniex cryptocurrency exchange|org=Reuters|date=June 26, 2018}}</ref> | + | In late February 2018 Circle announced that it was purchasing Poloniex, one of the largest cryptocurrency markets at the time.<ref>{{cite web|url=https://www.reuters.com/article/crypto-currencies-circle/goldman-backed-startup-circle-buys-poloniex-cryptocurrency-exchange-idUSL8N1QG43V|name=Goldman-backed startup Circle buys Poloniex cryptocurrency exchange|org=Reuters|date=June 26, 2018}}</ref> Bloomberg reported in June that Circle was planning to apply for both banking and securities licenses so its customers could deposit insurable funds with it and trade cryptocurrencies that might be deemed to be securities under U.S. regulations.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2018-06-06/circle-in-talks-with-u-s-to-become-licensed-bank-trading-venue|name=Crypto Unicorn Circle Aims to Expand Into Regulated Banking|org=Bloomberg|date=June 26, 2018.}}</ref> |
== References == | == References == | ||
<references /> | <references /> | ||
Revision as of 18:57, 26 June 2018
Circle's origins are in cryptocurrency payment technology but its interests have expanded into investments, OTC services and cryptocurrency trading. BackgroundCircle Internet Financial was launched in October 2013 with $9 million in investments.[1] In late April 2015, Goldman Sachs announced that along with IDG Capital Partners it was planning to lead a $50 million financing round into Circle.[2] Recent DevelopmentsIn late February 2018 Circle announced that it was purchasing Poloniex, one of the largest cryptocurrency markets at the time.[3] Bloomberg reported in June that Circle was planning to apply for both banking and securities licenses so its customers could deposit insurable funds with it and trade cryptocurrencies that might be deemed to be securities under U.S. regulations.[4] References
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