Circle, the popular peer-to-peer payment platform, announced today that they have acquired Poloniex, a leading U.S. cryptocurrency exchange. The Boston-based Poloniex is currently the 14th most popular exchange by volume.

Here’s a portion of Circle’s blog post announcing the acquisition,

We’re thrilled to welcome the Poloniex team and customers. Created by a team of crypto visionaries, Poloniex has grown to become one of the world’s leading token marketplaces. Available in over a hundred countries worldwide, it is differentiated partly by the breadth of its offerings. It was one of the first exchanges in the world to offer meaningful liquidity in ethereum, it was the first exchange to reach $1 billion in daily volume, and it has continued to boost innovation by hosting a broad variety of carefully selected tokens. Customers have traded crypto assets equating to billions of dollars through the Poloniex platform.

We’ve been privileged to get to know and collaborate with the Poloniex founders and their teams over the past several months as we contemplated this union and completed extensive due diligence together, and we learned that we share a similar perspective on the future as well as the same sharp sense of urgency about immediate needs and challenges.

Their brilliance is matched only by their deep passion for this new crypto-based ecosystem we are all building together. Similarly, the customers of Poloniex include millions of individuals who are passionate and involved in building the global crypto economy.

Welcome to Circle.