Voyager Digital Canada, a cryptocurrency trade service company has announced the completion of its acquisition of Circle’s retail-facing investment app.

Voyager broke out the news yesterday that it has onboarded Circle Invest’s over 40,000 accounts unto its platform. Accounts of residents from the New York, Alaska and North Carolina were exempted. After this move, Voyager claims its user base is now more than 200,000 in total.

As part of the acquisition, Voyager will continue to offer Circle Invest’s collections feature, by allowing customers to purchase assets grouped by common attributes and weighted by market cap. The users can as well earn interest between 2% and 6% on Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Dash (DASH), USD Coin (USDC), Tether (USDT), True USD (TUSD) and Voyager’s native token, VGX.

Licensed as a Money Service Business with the US Financial Crimes Enforcement Network (FinCEN), Voyager offers commission free trading on 34 cryptocurrencies and stablecoins. It is publicly traded on the Canadian Securities exchange. FinCEN mandates that the company must hold Circle Invest’s KYC data for 5 years after account closure.

This acquisition deal comprises the third major asset sold by Circle in recent times. The firm sold its Poloniex crypto exchange in October 2018 to investors. It also sold its over-the-counter (OTC) trading desk, Circle Trade to Kraken in December 2019.

Circle had earlier indicated that the sales of the company’s assets are part of its measures to focus more on its USDC stablecoin. The company stated that, it is obvious that there is more interest than ever before in stablecoins and CBDCs. It partly attributed this to the fact that giant global tech companies like Facebook and major economies like China have advanced plans for issuing their own digital currencies.

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