Circle to Compete With Venmo and Coinbase

Boston company plans to launch whole "family of products"
28 February 2018   1348

CEO Circle Jeremy Allair said that in the immediate plans of the Boston company the creation of a new "family of products" and competition with such well-known players in the payments and digital currencies market as Venmo, Coinbase and TransferWise. This is reported by Yahoo Finance.

On Monday, February 26, it became known that Circle had purchased a popular $ 148 million crypto exchange, Poloniex, but the company's plans went much further.

The most famous Circle Pay product is the Circle Pay payment application, but in addition, the company also owns CircleTrade - an OTC trading platform for bitcoins and other crypto-currencies, which does not aspire to loud advertising. Target audience of CircleTrade are large investors, and the minimum order amount on the platform is $ 250,000.

I’d say in the social payments space, it’s companies like Square Cash or Venmo. In cross-currency payments, which we enable people to do instantly for free, it might be a company like TransferWise. Circle Invest, which is not yet launched, will compete certainly with products like Coinbase.com, or Robinhood’s latest crypto offering.
 

Jeremy Allair

CEO, Circle

The mentioned companies have their differences, and not all of them are related to crypto-currencies, but they also have one common feature - work in the field of mobile payments that are gaining popularity.

Also, the company plans to launch the Circle Invest application, which will focus on studying the investment behavior of clients when trading the leading digital assets. This is where the first point of contact with Poloniex takes place - according to the head of the company, Circle will use the exchange to improve services for crypto investors.

He also noted that each of the products listed will compete with different fintech companies with more well-known brands to date.

Coinbase to Launch Services for Newbie Traders

Coinbase Bundle, Coinbase Asset Pages and Coinbase Learn are designed to "help people understand, explore, and buy their first cryptocurrency"
28 September 2018   364

The leading US cryptocurrency exchange Coinbase, has introduced several services for novice users.

Coinbase Bundle allows to invest in several crypto assets, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. At the same time, the specific weight of each currency in the user's portfolio is formed in accordance with the share of these assets in the market. The minimum investment in the Bundle is only $ 25.

Coinbase Bundle Service
Coinbase Bundle Service

The update is positioned by Coinbase as a convenient tool to acquire all five of the listed cryptocurrencies without having to create a separate order for each coin.

The platform will be used by users of the platform from the US, EU countries and Great Britain. The commission for the acquisition of Bundle is 1.5%.

Also, the company introduced the Coinbase Asset Pages service, which displays information on 50 leading crypto-currencies, including their market capitalization, the current price and its changes, as well as links to relevant information sources.

Coinbase Asset Pages
Coinbase Asset Pages

Coinbase Asset Pages is available to everyone and is not limited to the user base of the company.

In addition, the company introduced the educational service Coinbase Learn, designed to familiarize users with the basics of working with crypto-currencies.