Circle's Crypto Trading App 'Circle Invest' Now Supports EOS, XLM, ZRX, and QTUM

Siamak Masnavi

On Thursday (20 September 2018), Goldman-backed FinTech startup Circle announced that its cryptocurrency trading app "Circle Invest" had added support for EOS, Stellar (XLM), 0x (ZRX), and QTUM.

This brings the number of cryptoassets supported by the Circle Invest app to 11: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Classic Ether (ETC), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Stellar (XLM), 0x (ZRX), Qtum (QTUM) and EOS (EOS). 

These digital assets can be bought either individually or you can buy a basket containing all of them with a single tap using the "Buy the Market" feature. The "Buy the Market" feature is designed to make it very easy to have a diversified crypto portfolio. All you need to do is to decide how much you want to invest on the whole collection. The amount of each coin that is purchased for you is based on "each coin’s market cap weighting." The current minimum amount you can use for "Buying the Market" is $10.Another interesting feature of this app, which was introduced on 31 July 2018, is "Recurring Buys". This feature lets you invest a fixed amount every day/week/month in either a single coin or the collection of all the coins supported by the app. This is great for long term investing, and eliminates the stress of trying to time the market (which is a pointless exercize anyway as it is practically impossible).

Circle says that it is able to offer very competitive prices on all the digital assets offered by Circle Invest by sourcing all of these assets from Circle's OTC trading desk, "Circle Trade". Then, a 1% (on average) markup is applied to each buy/sell order made by a customer. It also says that unlike most of its competition (such as Coinbase), it does not add any other "fixed fees on top of this markup." 

This app, which is currently only available to U.S. residents, is available on Apple's "App Store" and Google's "Play Store".

At press time (around 15:30 UTC), according to data from CryptoCompare, all four digital assets added to Circle Invest are in the green (up in the past 24-hour period). EOS is up 8.7%, XLM is up 17.71%, ZRX is up 14.21%, and QTUM is up 13.6%

Featured Image Courtesy of Circle