Circle, a peer-to-peer payments technology company has officially unveiled its digital investment and storage app, Circle Invest, Providing most of United States Customers with instant, commission-free crypto asset trading platform.
Circle is one of the few businesses that have received the New York BitLicense. According to the blog post and email circulated to its customers, Minnesota, Wyoming, and Hawaii will be excluded from the list of states that will have access to the app due to regulatory issues.
After the completion of successful tests, the Circle Invest app will be offering notionally commission-free trading of Bitcoin and several altcoins while altering buy and sell prices up to 2% in order to generate revenue.
The circle has been endeavoring to make fresh inroads into the cryptocurrency market this year. The company had acquired major exchange Poloniex in a $400 million deal backed by IDG Capital in February this year.