New assets will be supported on Circle’s ‘Invest’ platform. Circle is a Goldman Sachs-backed crypto company that is expanding in the market. The information has been released by Circle in a blog post a few days ago.
Circle Invest Adds New Cryptocurrencies
The company announced that they are welcoming new crypto assets to Circle Invest. These currencies are EOS, Stellar, 0x and Qtum. In this way, there will be 11 different assets supported. Circle Invest is now positioned as one of the most attractive apps in the cryptocurrency space.
Users can now purchase these assets individually using the ‘Buy the Market’ feature. The ‘Buy the Market’ feature allows users to purchase a portfolio with just a single tap.
According to the blog post, the assets were specifically selected depending on their future potential. Moreover, as it has been done in the past, the company applied the Circle Asset Framework. With it, the company takes into account different considerations to list new assets.
Circle has also explained that with these listings they need to also educate customers about cryptocurrencies.
The blog post reads as follows:
“As we introduce new crypto assets, we also recognize the need to educate our customers and bring clarity to this fascinating, yet complex asset class. We see an opportunity to shed light on the goals of each crypto project, the role of the crypto asset within the project and on what gives each crypto asset value.”
In order to do so, they introduce the ‘Explore’ feature. This will be providing contextual and relevant information about different virtual currencies. ‘Explore’ would allow users to have a better idea of how these new assets work.
“We are taking the first step in this direction through the introduction of ‘Explore’, a new feature in Circle Invest that will give contextual, relevant information on the various aspects of crypto,” informed the company.
The new feature provides a simple user experience, it easy to understand and will help bring cryptocurrencies to more individuals.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.