INSUBCONTINENT EXCLUSIVE:
With Circle Invest, Circle has been trying to make it as easy as possible to get started with cryptocurrency trading
And the company wants to go one step further with collections of multiple tokens.When it first launched, Circle Invest was pretty
You could download an app, sign up and buy Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin in just a few taps.But the company
then started adding more coins
And if you&re new to the cryptocurrency industry, it hard to understand the difference between Ethereum and Ethereum Classic if you weren&t
looking at the market when the fork happened.That why Circle introduced a feature called &buy the market&
In one tap, you can buy all the coins on Circle Invest, weighted depending on their respective market capitalization
For instance, the total market capitalization of Bitcoin is much higher than the market cap of Monero
So you&ll end up with a lot of bitcoins.30 percent of Circle Invest users are using this feature
People who buy this package probably don&t invest as much as users who build their own portfolio, so it might not be 30 percent of Circle
Invest transaction volume.Coinbase recently introduced a similar feature called bundles
In just a few taps, you can purchase all the coins on Coinbase
Of course, both Coinbase and Circle Invest provide a limited selection of coins
But it clear that they both want to list more assets in the future.With collections, you can buy a subset of the tokens available on Circle
There are three packages for now — Platforms, Payments and Privacy
For instance, you&ll find Bitcoin, Bitcoin Cash, Stellar and Litecoin in the Payments collection
Once again, collections are weighted by market cap.
