The multi-currency application Circle announced today, the 26 February, that she acquired a major exchange of cryptocurrency in the United States Poloniex for $ 400 million, reports Fortune

Earlier this month, Cointelegraph had covered previously unconfirmed rumors that this acquisition was soon to take place.

Circle Funded by Goldman Sachs is comprised of three parts: Circle Pay for Fiduciary Transfers, Circle Trade as Cryptocurrency Liquidity Provider, and the upcoming Circle Invest, an application that will allow retail customers 39, investing in crypto-markets.

The Poloniex Exchange offers trades in 68 different coins, and is currently the 14th largest crypto exchange by 24 hour volume on CoinMarketCap, trading a total of nearly $ 140 million today. 39 for the press.

In today's announcement on the Circle blog, co-foun Sean Neville and Jeremy Allaire have written that the first step for Circle is to approach the support customer and the technical side needed to support the Poloniex platform. Secondly,

"We are also looking forward to developing and expanding the Poloniex market, expanding token lists where possible and appropriate, and exploring flat USD connectivity, EUR and GBP brings to its products Pay, Trade, and Invest compliant. "

In the future, Neville and Allaire write that they plan to make the Poloniex platform more than 39, a crypto exchange only, writing that they

"A robust multi-faced distributed market that can accommodate tokens that represent everything that has value: physical assets, fundraising and equity, real estate, creative productions such as works of art, music and literature, "

The Poloniex press release echoed Circle's sentiments in writing that they waited impatiently