Goldman Sachs-backed payments company Circle has acquired U.S. cryptocurrency exchange Poloniex, one of the largest in the world, Reuters reported.
“We’re proud to announce that Circle has extended its commitment to a new vision for global finance by acquiring Poloniex, a leading token exchange platform,” founders Sean Neville and Jeremy Allaire wrote in a post on the company’s website.
Boston-based Circle operates its app-based peer-to-peer payment network using blockchain. It is also one of the leading players in the over-the-counter market for Bitcoin (Bitcoin) trading. Its investors include Goldman Sachs Group Inc and Baidu Inc.
“We commit to maintaining the features and services that have made Poloniex so familiar and relied upon by customers around the world,” the founders said.
They revealed plans to expand the Poloniex platform beyond its current incarnation as an exchange for only crypto assets.