Cryptocurrencies
Goldman-Backed Circle Agrees to Buy Crypto Exchange Poloniex
- Circle’s mobile app lets people make instant money transfers
- Poloniex is already available in more than 100 countries
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Circle Internet Financial Ltd., a closely held mobile-payments firm backed by Goldman Sachs Group Inc., said it acquired Poloniex Inc., one of the larger digital-token exchanges.
Terms of the agreement weren’t disclosed. Fortune magazine reported earlier that the deal was for about $400 million, citing an unnamed person familiar with the transaction. Poloniex, ranked as the 14th largest crypto exchange by data tracker CoinMarketCap.com, says on its website that the U.S.-based company was formed in January 2014.