Circle, a startup running the Circle Trade institutional trading platform, has launched a closed beta version of long-announced retail investor-oriented Circle Invest application. As of now, the application provides its users with access to Circle Trade and supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Ethereum Classic.
The exact date of Circle Invest opening went unnoticed. The users have, reportedly, been receiving the invitations since March 6, however. On March 7, the number of downloads of the Android version of the app reached one hundred, as indicated by Google Play.
Barry Silbert, the founder and CEO of Digital Currency Group, has expressed his enthusiasm concerning the platform’s beta launch in the following twit:
— Barry Silbert (@barrysilbert) March 8, 2018
As previously announced by Circle, new platform does not charge commission. The desk is supposed to be taking profits out of the difference between cryptocurrency buy and sell price, which is one percent on average, as estimated by Circle team.
Circle Invest is currently unavailable outside US and even those users who have access to the application cannot make cryptocurrency deposits in it. The company promised to add this important feature at later stages of the application’s development though. Ripple’s XRP token is yet to be added to the list of cryptocurrencies supported by the app too.
Though it is still not clear enough, when this new application will go into production, it may happen this year if the earlier Circle’s statements meant business. However, after going live, Circle Invest may join the growing ranks of contesters to the throne which is currently occupied by California-based Coinbase cryptocurrency exchange.