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Circle to Launch Cryptocurrency Investment App in 2018
Announced on Tuesday, Circle will be launching a digital investment and storage product for a variety of cryptocurrencies in 2018.
Blockchain startup Circle is moving ahead with plans to launch new investment-related products, unveiling a new app set for release next year.
Though the startup hasn't revealed much in the way of details – including its exact launch date –it revealed its plan for "Circle Invest" app in a new post on its website today. In past statements to CoinDesk, Circle indicated that it was looking to create such tools for investors following the acquisition of a startup called Trigger Finance.
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"Be one of the first to try our new digital investment product, coming in 2018," Circle wrote, adding that it would feature zero commissions and include functionality for a "variety of coins." A screenshot of the app lists bitcoin, bitcoin cash, ethereum, litecoin and XRP as supported currencies.
The quiet unveiling comes as the price of bitcoin, the world's largest cryptocurrency by market capitalization, nears the $10,000 price level.
It also follows a series of product announcements from the firm, including the one for CENTRE, an ethereum-based system to enable transactions between different digital wallets.
Though details on the product remain limited, on the website Circle stated:
"Circle started in 2013, and we’ve worked in crypto ever since. We’re excited to unveil our latest endeavor."
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Circle.
Business miniatures image via Pixabay
Nikhilesh De
Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. When he's not reporting on digital assets and policy, he can be found admiring Amtrak or building LEGO trains. He owns < $50 in BTC and < $20 in ETH. He was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.
