Circle, a consumer finance startup, recently launched Circle Invest app. This digital investment and storage app is released in all over the US. It offers free crypto trading without the usual commission charges.
The app is available for download via Apple’s app store and Google play store. Circle has received the financial backing from Goldman Sachs Group Inc. and Baidu Inc. While describing the goal of the Circle Internet Financial Ltd, its co-founder Jeremy Allaire said, “The long-term view is that every form of value on the planet will become a crypto token,”. He further talked about future plans of the company. “We want to offer more markets, more assets, we want to localize it, and launch it in more international markets and, critically, we need to work with the most important regulators,” he said
According to Circle’s website, the app allows users to invest or trade litecoin, bitcoin cash, ethereum classic and bitcoin. Company said in statement that it is set to provide more tokens in future. App also provides market data to the users. It allows them to connect their bank account, to facilitate instant deposits. It offers commission free trading. Offline storage system and two step verification process provides the protection to customer.
Though US has rigorous regulations on exchange of crypto-currency, Circle has successfully acquired a BitLicense. As of now, only four companies have cleared the regulatory process to acquire the license of Crypto currency exchange. The two other companies who are successfully making a mark in the financial markets are Revolut and Robinhood, who provides free crypto trading. After releasing the app in 46 states of US, Circle announced that it will release the app in New York city soon.
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