Circle Co-Founder Says Recently-Acquired Poloniex Exchange Will Expand In Asia

Payments company Circle announced it plans to hire up to 100 people in Asia to expand its recently acquired Poloniex cryptocurrency exchange.

In an interview in Hong Kong, Circle’s CEO Jeremy Allaire stated that the company will be employing people to offer services in South Korea, Japan, China and Hong Kong.

The company, which raised $140 mln in venture capital from major investors including Goldman Sachs and Baidu, and investment bank China International Capital Corp., is looking to diversify its offerings on Poloniex in the future.

The long-term view is that every form of value on the planet will become a crypto token, Allaire stated, referencing what he sees as the continued proliferation of Blockchain-based tokens and cryptocurrencies.

On March 13, the company announced the launch of its crypto investment platform Circle Invest, which is currently available to US citizens in 46 states.