BREAKING NEWS: #POLONIEX EXCHANGE bought over by GOLDMAN SACH's startup CIRCLE for a whopping..

An announcement on Monday 26 Feb 2018 by 'Circle', formerly pitched as a Bitcoin Payment Solution back in 2013, is now a #Cryptocurrency focused financial-services firm.

They run a P2P payment service now called Circle Pay and Circle Trade, an OTC trading desk for large Crypto investors and Exchanges. They deal with a lot of liquidity from Crypto to Fiat and according to Fortune, the Circle Trade platform itself manages $2 Billion a month in transactions.

Source: Pinterest https://www.pinterest.co.uk/pin/9077636729392801/

Now they are seen to have made an agreement to acquire Poloniex, a top Exchange for a whopping $400 Million. With intentions to expand their products, CirclePay and CircleTrade, this acquisation will spur a new product..

Circle Invest

This is for an investment app for people to purchase Cryptocurrencies with Poloniex as a full-fledged exchange to their use.

This is a major move done by Goldman Sachs and one can ponder on whether the implications on the markets with institutions buing up exchanges, and the competition amongst exchanges such as Coinbase, Bittrex, and Kraken.
Since there will be major overhauls and additions such as a protocol called Centre, to make digital wallets like Alipay, Paypal, Circle, and other digital wallets interoperable.

Check us out at our:
Website: http://cryptohype.tech/
Facebook: https://www.facebook.com/thecrypto.hype/
Twitter: https://twitter.com/thecryptohype
Youtube: https://goo.gl/SZEd3R
Steemit: https://steemit.com/@crypto.hype