A deep dive into Circle: What's the game plan now that Poloniex has been axed?
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Quick Take
- The announcement that Circle is spinning off Poloniex raises questions about the future of the business
- The firm has sunset Circle Pay and its OTC arm has seen a mass exodus of employees
- Unless the firm has something up its sleeve, things are looking somewhat precarious
- Its revamped website suggests some new businesses it might break into
Over the course of the last year, Circle has been selling itself to investors and potential acquirers. But it’s not clear where the strength of their business lies. And that lack of clarity only became more apparent last week after the firm announced it was severing ties with Poloniex, the cryptocurrency exchange it allegedly acquired for […]
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