Company
Date Published
Author
Team Circle
Word count
2850
Language
English
Hacker News points
None

Summary

In 2018, Circle Internet Financial experienced significant growth and transformation, expanding its customer base to over 8 million across 175 countries and facilitating $75 billion in transactions. The company acquired Poloniex, a major cryptocurrency exchange, improving its operations, compliance, and customer service. Circle launched several new products, including Circle Invest for retail crypto investment and the US Dollar Coin (USDC), a stablecoin developed in partnership with Coinbase through the CENTRE Consortium. Circle Trade, its OTC trading business, saw increased institutional adoption, contributing to a broader institutional market presence. The company focused on legal, compliance, and regulatory leadership, engaging with various global authorities to advance its agenda. With a doubling of its workforce and a commitment to innovation, Circle aims to drive the evolution of an open global digital economy, enhancing its role in the crypto finance landscape. As it moves into 2019, Circle remains dedicated to expanding its services and leveraging its diverse offerings to create a more inclusive and efficient global financial ecosystem.