poloniex crypto

Circle is a $140 million company backed by venture capital from investors including Goldman Sachs, IDG Capital Partners, Breyer Capital, Accel Partners, General Catalyst Partners, Baidu, CICC Alpha, EverBright, WangXiang, and CreditEase. And with a transaction of approximately $400 million dollars (according to data provided by Fortune magazine about the acquisition), it can be noted that the potential represented by the poloniex crypto exchange acquisition is taken quite seriously in order to consolidate their vision of building a global market for exchange and payments with Tokens. Poloniex mobilized in the last 24 hours a total of 64,937,380 USD.

The acquisition would not only strengthen Poloniex as an exchange but also put Circle in a competitive market position, posing a direct threat to Coinbase’s presence as a leading company in the sector, and being able to overthrow the ranks occupied by other large companies such as Binance, Bittrex, and Kraken (which had recently shown some operational problems).

According to the press release published on the Poloniex exchange website, users do not have to worry about policy changes. Their activities will remain exactly the same without any kind of interruption or last-minute changes, so the user experience will remain the same until improvements are made by the minds behind Circle. Not only is Circle expected to grow in credibility and profit, but the Poloniex team expects the same to happen with this famous exchange house.

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