Voyager cryptocurrency broker buys Circle Invest app

Crypto broker Voyager, founded by Uber and E*Trade veterans, has completed the acquisition of an investmentapplications from Circle payment startup.

Voyager promises to maintain the functionality of the Circle Invest application, including the ability to automatically diversify its investment portfolio.

Also, users will be able to trade 34crypto assets without commissions and earn from 2% to 6% per annum on Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, native VGX token and stablecoins USDC, USDT and TUSD.

With the new acquisition, over 40,000 Circle accounts have been added to the Voyager user base. Now the total number of broker clients exceeds 200 thousand.

Circle in return received a 4% stake in Voyager.

Recall, Circle acquired the once-popular Poloniex exchange in February 2018, presumably for $ 400 million, planning to develop the business. However, the market share of the exchange fell from a peak of 60% in 2017 to 1%.

Last October, Poloniex split off fromCircle, and Polo Digital Assets, which will be supported by a "major investment group," has become the new operator. Subsequently, it turned out that the notorious founder of TRON Justin Sun was participating in this group.