RATE Group | Goldman-Backed Circle is Selling Cryptocurrency ‘Collections’
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Goldman-Backed Circle is Selling Cryptocurrency ‘Collections’

05 Oct Goldman-Backed Circle is Selling Cryptocurrency ‘Collections’

Posted at 07:50h in Cryptocurrency News by

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Circle Invest announced today the launch of three new collections of index funds for cryptocurrencies.

Divya Agarwalla, Senior Vice President at Circle, posted on the company’s blog that the “Buy the Market” feature “…was so successful that over 30% of our users are taking advantage of it. As CCN reported, Circle released this feature in May as a way for customers to buy a market cap-weighted positions in the assets listed on the platform.

Collection Types Is Based on the Coin’s Mission

The three new collections will contain an index of coins based on their main goal/mission: Platforms, Payments, and Privacy. While some crypto-enthusiasts may take issue with the broad categorizations and a clear overlap between them, Circle has picked out coins for each collection.

“Crypto is complicated,” Agarwalla said. “Many projects aim to solve similar real-world problems, but take vastly different approaches to get there,” she added, explaining:

“Projects like…

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