Adding More ‘Collections’
Following the success of Circle’s ‘buy the market’ feature, where it grouped all the assets listed on the app together for people to one-tap purchase, they’ve added three additional categories—or collections—of crypto assets users can browse: Platforms, Payments, and Privacy.
Each category brings the same one-tap purchasing capability to all the assets listed inside it. Bitcoin, Litecoin, and Stellar would all be listed under the Payments category since they all have to do with payment systems.
EOS, 0x, Stellar, and Qtum are now available on Circle Invest! 🚀 https://t.co/AyfUVPno3v
— Circle Invest (@circleinvest) September 20, 2018
Circle said in its Medium post announcing the additions that it would continue to grow with the crypto marketplace. Circle blog editor Divya Agarwalla, wrote:
“As crypto evolves, more projects will be kicked off to apply blockchain technology to various use cases. As we continue to list the crypto assets associated with the projects on Circle Invest, we will also introduce new collections and relevant educational material so that customers can invest in the categories that most interest them.”
All four of Circle’s collections weight crypto assets by market capitalization, according to their blog, meaning that if you choose to buy the assets listed in one tap, you’ll end up with more of the higher-cap assets like BTC, ETH, and XRP in your wallet.
This could be a good option for people looking to invest in cryptocurrency and want more of a safe bet, as the feature automatically weights their portfolios with more popular cryptocurrencies that are doing well in the market.
Not The Only Company Bundling
According to TechCrunch, Coinbase launched a similar feature they’ve named Bundles, letting users buy all the coins listed on Coinbase with a few taps of their screen. Coin selection is limited at the moment, but more cryptocurrencies are being added to both Coinbase and Circle regularly, giving potential investors plenty to choose from, especially if they’re just starting out.
Circle’s app is available for download on both iOS and Android devices.
The app also has an “explore” feature to let you learn more about what’s going on in the market, and how to invest based on your preferences. It offers two-factor authentication, and you can start investing even with only a dollar. Their investors include Goldman Sachs and Bitmain. As of this writing, 11 coins are available for purchase on the app.
Cover Photo by Tatyana Dobreva on Unsplash