Circle Financial is a financial services company that specializes in offering cryptocurrency products and services. The company was founded in 2013 by Jeremy Allaire and Sean Neville, two entrepreneurs who had experience working with Bitcoin technology. Circle offers users the ability to buy, sell, store, earn interest on their crypto assets as well as access other traditional banking features such as transfers and payments.
One of the main benefits of using Circle is its low fees compared to other exchanges or wallets; it charges no deposit fee for most transactions while also providing competitive rates when buying/selling digital currencies. In addition, there are no commissions or transaction costs associated with trading cryptos through Circle’s platform – meaning customers can save money by avoiding these extra expenses. Finally, because all customer funds are held in US dollar-denominated accounts at FDIC insured banks rather than being stored directly on an exchange (which could be vulnerable to theft), users gain greater security from their holdings when using this service provider.
In recent years Circle has expanded its offerings beyond just trading cryptocurrencies; they now offer a range of additional services including loans backed by cryptocurrency collateral (the “Collateralized Crypto Loan” product) and even merchant payment processing solutions for businesses accepting digital assets (via the “Payments API”). As part of their ongoing commitment to innovation within finance circles they have recently launched Spark which allows institutional investors direct exposure into certain virtual currency markets without having to worry about complex custody arrangements or regulatory compliance issues related thereto – making them one of only a handful companies able provide such specialized banking services globally today.
For those interested getting started with trading cryptocurrencies via Circle Financial’s platform there are several steps involved: firstly register an account online then agree upon any necessary KYC requirements before transferring funds either via bank transfer/ ACH deposits or wire transfers depending upon your location before finally setting up trades according desired specifications like order type size etc.. It should also be noted that although some states may require further registration if intending trade more than $50k per month but overall process remains straightforward nonetheless so long basic guidelines followed accordingly throughout will likely find yourself enjoying full suite available options shortly thereafter!
