|Circle Internet Financial|
|Key People||Jeremy Allaire and Sean Neville|
Circle is a cryptocurrency exchange operator whose origins are in cryptocurrency payment technology but whose interests have expanded into investments, OTC services and cryptocurrency trading.
Circle Internet Financial was launched in October 2013 with $9 million in investments. 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.
In late February 2018 Circle announced that it was purchasing Poloniex, one of the largest cryptocurrency markets at the time. 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.
John Lothian News
Circle was highlighted in a recap of Consensus 2018 by CMW contributing editor Chuck Mackie. You can read the article here.
- Circle Raises $9M Series A From Accel And General Catalyst To Make Bitcoins Mainstream. TechCrunch.
- Goldman and IDG Put $50 Million to Work in a Bitcoin Company. New York Times.
- Goldman-backed startup Circle buys Poloniex cryptocurrency exchange. Reuters.
- Crypto Unicorn Circle Aims to Expand Into Regulated Banking. Bloomberg.