Circle Adds 'Buy the Market' Feature to Crypto Investment App

Circle Invest formally launched the startup's trading platform on Tuesday.

AccessTimeIconMay 22, 2018 at 4:00 p.m. UTC
Updated Aug 18, 2021 at 9:09 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Payments startup Circle has launched the full version of its crypto investment app.

After a soft launch back in March 2018, the company is making the app with its full suite of services available as of Tuesday. Circle first announced its investor-focused app back in November and later released it in 46 U.S. states as part of an "early access availability" phase.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • One of the features going live on Tuesday is the "Buy the Market" tool, which is geared toward newer users, Circle senior product manager Rachel Mayer told CoinDesk.

    "'Buy the Market' is the culmination of all we've been doing since the soft launch," she said, going on to explain:

    "It’s trying to solve the problem of signing up and trying to be a newbie investor and you’re not sure how much to put in and where and why. ‘Buy the Market’ is just a very easy way to invest in the seven supported assets on Circle Invest, you choose the funds you’d like to invest in, and we do the rest. We automatically divide the investment into each specific coin market cap waiting and you can purchase the coin instantly."

    "The focus is the market," Mayer added.

    Circle Invest will mark assets up by 1 percent when users buy or sell a particular cryptocurrency, but will not charge any fixed fees on top. This differs from existing trading platforms, which she said charge both a markup and trading fees.

    In recent weeks, Circle has added support for cryptocurrencies such as monero and zcash. Mayer told CoinDesk that Circle was "actively thinking about when to add new coins," but didn't elaborate on when or which cryptocurrencies would be added to the app.

    Bitcoin tokens image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.