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Breaking: Mobile Payments App Circle Acquires Crypto Exchange Poloniex For $400 Mln

Multi-currency money-sending app Circle has announced today, Feb. 26, that they have acquired major US-based cryptocurrency exchange Poloniex for $400 mln, Fortune reports.

Goldman Sachs-funded Circle is made up of three parts: Circle Pay for fiat transfers, Circle Trade as a liquidity provider of cryptocurrencies, and the upcoming Circle Invest, an app that will allow retail customers to invest in crypto markets.

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