Crypto EcoBlog
Circle payments startup announced that it is anchoring its business model primarily to providing stablecoin services. The news comes after the firm sold its over-the-counter (OTC) trading desk to Kraken. Additional executives were leaving as part of that Circle OTC sale deal. These top-ranking individuals leave just weeks after co-CEO Sean Neville said that he would be stepping down.Neville and CEO Jeremy Allaire used a long blog post on December 17 to say that the company would majorly focus...
Read More »Kraken Acquires Circle Trade OTC Desk as Circle Focuses on Its Stablecoin
According to an official blog post published yesterday, Kraken has acquired Circle Trade – Circle’s over-the-counter (OTC) platform. The statement says that Kraken sees Circle Trade as “one of the most recognized OTC desks in crypto” and the team is very excited about the acquisition.The statement also includes further details expected from the acquisition. Firstly, the company expects that the fact that its services would now be expanded and a lot more capable will attract new trading...
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