A subsidiary of Goldman Sachs Circle Bank, which is engaged in developing a solution for international payments, officially confirmed the purchase of one of the oldest us cryptocurrency exchanges Poloniex.
This decision can be regarded as an attempt to consolidate its position as one of the leading companies in the world of blockchain technology.
"We are proud to announce that Circle has once again confirmed its commitment to the newest financial technologies. Circle acquires Poloniex, one of the leaders in the field of cryptocurrency exchange," the official statement on the Circle website reads.
Boston Circle company develops its own peer-to-peer payment solution, uses blockchain technology in its product. In addition, the company is the largest over-the-counter player in the Bitcoin market.
In an official statement, Circle already revealed some plans about the further development of Poloniex. The priorities for the moment are as follows: expanding the staff of user support agents, scaling up the business and its full legalization, as well as expanding currency pairs, including the British pound and the Euro.