Goldman Sachs Backed Circle‎ Launches Commission Free Crypto ‎Trading

Circle, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startup backed by Goldman Sachs, has launched commission-free ‎cryptocurrency trading, the company said on Wednesday, riding a wave of interest from retail ‎investors for the digital asset class.‎

Discover credible partners and premium clients at China’s leading finance event!

Circle made the headlines last month after it acquired the US-based cryptocurrency ‎exchange Poloniex, in a deal that valued the crypto venue at about $400 million.‎

The company announced on its website today that it has expended early access to its new 'Circle Invest' app to cover most US states, except for New York, Minnesota, Hawaii, ‎and Wyoming.‎

Circle will be going up against established players like Coinbase's GDAX exchange. Also, ‎commission-free investing app Robinhood debuted in February to offer zero-fee trading of ‎Bitcoin and Ethereum ‎alongside traditional investment products‏.‏

To make its platform stand out from competitors, Circle Invest was equipped to offer custodial account and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term options, as well as a secure wallet‏.‏

The blockchain startups seek to carve out their niche by letting traders buy and sell ‎‎cryptocurrency for $0 a trade. In doing so, Circle and Robinhood‎ make ‎money from order ‎flows, a common tactic used by discount brokers to ‎generate revenue by directing orders to ‎certain trading venues. They also receive interest on unused cash deposits from user ‎accounts and offers a ‎premium paid account, which gives users added ‎features.‎

Announcing the launch, Circle said in a statement: “We’re eager to hear feedback on this early ‎access version of Invest from everyone — from newcomers and from ‎crypto experts alike. With no minimums, instant deposits, no ‎commissions on a variety of coins, performance tracking and more — ‎we've made it fast, cheap and simple to invest in crypto and digital ‎assets, and we are only just getting started.”‎