Deals
Circle Sells Crypto Investing App Business to Voyager Digital
- Voyager becomes one of the largest crypto-only U.S. brokers
- Circle has been shedding businesses to focus on stablecoin
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Circle Internet Financial Ltd. agreed to sell Circle Invest, a digital-asset-investment app for individual investors, to Voyager Digital (Canada) Ltd. for an equity stake in the company.
Voyager will issue common shares to Circle representing about 4% ownership in the New York-based firm, and will reimburse certain costs to Circle. Shares of Voyager traded at about 22 cents Tuesday in New York.