Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle, which allows users to invest in categorized crypto assets.
Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest dubbed “Collections.” The company has made the announcement in an official blog post published Oct. 4.
The feature gives customers the option to invest in one or more collections of crypto assets, each divided according to a particular theme: “Platforms, Payments, and Privacy.” The company presents the tool as a simplified way for investors to focus their portfolio on multiple coins, according to a specific functionality of their choice. After choosing a collection category, users can invest in the entire category in one swoop.
Today’s post outlines that the various crypto assets in each collection will be weighted according to their respective market caps. Circle’s Collections product will also provide educational content so that users can make informed choices about their investments.
According to the app’s official website, Circle Invest supports a wide range of coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Stellar (XLM), and EOS (EOS). Today’s post indicates that of these, BTC, BCH, XLM and LTC will be included as part of the new ‘Payments’ collection.
As previously reported, as of May this year, Circle Invest has been offering a feature called “Buy the Market,” which aims to make it easier for newbies to enter the crypto market. The feature allows users to invest in all Circle Invest’s listed coins at once, similarly splitting their investment – which can be as little as $1 – according to the coins’ market capitalization weightings.
Just last month, Circle Internet Financial Ltd. launched a U.S. dollar-backed stablecoin dubbed the “USD Coin,” which will reportedly be listed on Circle’s Poloniex exchange, as well as Huobi, OKCoin, KuCoin, and digital wallet and exchange Coinbase.
A consortium called Centre – which is a wholly owned subsidiary of Circle, and includes Bitmain Technologies Ltd. among its members – is to act as a platform for deposits and fiat conversions for the new asset.
Source: Marie Huillet, CoinTelegraph
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