19 December 2019 by Océane
Circle pulls himself together after the crucial decision-making rather this month, which has led to the dismissal of ten other employees. At present, it continues its restructuring, entrusting his office (OTC) in the hands of the crypto-exchange, Kraken.
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The two companies give each other a mutual trust
Kraken has loaded itself to announce the news, which was subsequently confirmed by Sean Neville and Jeremy Allaire, the co-founders of Circle.
The latter took the opportunity to launch a few about flattering on Kraken :
“We know and admire Jesse and his team at Kraken for many years, and we are convinced that customers and Circle partners Trade will continue to find the best service of liquidity of otc and responsiveness thanks to Kraken for the future. Circle Trade represents a huge success for the industry as well as Circle, and we are delighted to see Kraken develop it further “.
For its part, Kraken is proud of this recent acquisition and hope that this choice would improve the quality of its services, given that it is one of the offices OTC the most notable of the crypto-sphere.
She plans to serve new business partners, provide liquidity more abundant as well as trading tools improved.
A radical change for Circle
In fact, this new is part of the “product roadmap 2020 refined” Circle.
This strategy will reduce the company to a weight, so that it can invest fully in the design of its Stablecoin, christened USD Corner (USDC). In this regard, the company had already honed its product portfolio and strengthened the management of its teams, to better deploy its skills.
Also note that Sean Neville, the co-founder of the company, will no longer be co-chief executive officer, effective from this month of January. It will serve now on the board of directors of the company.
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