Cryptostartap Circle announced plans to raise $ 250 million investment. The company needs additional funding to cope with the effects of the bear market.
Earlier, Circle raised $ 240 million from Goldman Sachs, Bitmain and other major players. The company's capitalization exceeded $ 3 billion, making Circle one of the most successful cryptostates of 2018.
“ Circle is the latest company in the industry that is looking for new sources of funding to fight the downturn on the crypto market, ” said Jeremy Allar, CEO of Circle.
Earlier, Circle announced that it will fight with the pumping at the crypto-bargain Poloniex and its over-the-counter platform.
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