Circle Opens Crypto Investment App To 46 US States, Leverages BitLicense To Enter New YorkMarch 14, 2018 3:24 pm
The cryptocurrency investment app Circle Invest was released to most of the US on Tuesday, CoinTelegraph reports, as the P2P payments technology company shared the latest addition to its “family.”
In both a blog post and email to its customers, Circle, one of a handful of businesses to have received a New York BitLicense, confirmed residents of 46 states would be available in “early access” form, the report said.
Although Minnesota, Wyoming and Hawaii remain excluded by red tape, CoinTelegraph reported, New York will gain access “very soon,” the company said.
The unveiling of the app is the result of a limited test phase for Circle Invest, the report said, which offers notionally commission-free trading of Bitcoin and several altcoins while altering buy and sell prices up to 2 percent in order to generate revenue.
Circle’s goal has been to make fresh inroads into cryptocurrency this year, the report said.
Beginning last month, the company announced it had acquired major exchange Poloniex in a $400 million deal backed by IDG Capital, the report said.
“We’re eager to hear feedback on this early access version of Invest from everyone — from newcomers and from crypto experts alike,” the announcement said.
The product forms one of a suite of products Circle CEO Jeremy Allaire referred to on Feb. 27 as its “family,” and includes the wholesale over-the-counter trading platform CircleTrade and payments app Circle Pay.
– WN.com, Jack Durschlag