Circle launches Collections, a new addition to Circle’s crypto investment app.
Circle Launches Collections
A few months ago, Circle debuted ‘Buy the Market.’ It was a way for its customers to buy the listed assets it had on its platform in just one tap. Circle’s feature was so successful that over 30 percent of the users were using it after its debut.
This morning, the company is building upon its theme and has launched three additional collections: Platforms, Payments, and Privacy. Each of these new collections divides the crypto assets into themes. Circle believes this simplifies investing for some individuals.
According to the website, the app supports:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Stellar (XLM)
- Monero (XMR)
- Zcash (ZEC)
In the new collections, the crypto assets will be weighted according to their market caps. Circle also states that its Collections product will provide educational content to investors to help them make informed choices about their investments.
Circle’s post reads:
“Crypto is complicated. Many projects aim to solve similar real-world problems but take vastly different approaches to get there. Projects like Bitcoin, Bitcoin Cash, Stellar, and Litecoin are trying to build superior payment rails based on blockchain technology so that making payments is as easy, instant, and as borderless as sending an email. If customers are passionate about this category of assets and want to invest, they can simply buy the Payments collection.”
Last month, Circle launched its own US dollar-backed stablecoin named the ‘USD Coin.’ The stablecoin will be listed on Circle’s Poloniex exchange, as well as OKCoin, KuCoin, Coinbase, and Huobi.
The only hang up I see with this new addition to the Circle App is that investors new to the cryptocurrency space won’t know the difference between the projects and might get confused by the categories.
Featured Image: circle.com