According to a recently published year-end report, more than 30% of all purchases on Circle Invest are recurring, and recurring trade volume has doubled since September. The platform’s user base is highly distributed across the globe, with approximately 30% of volume coming from the United States, 25% from the E.U. and U.K., 24% from Asia and 21% from Middle East, Africa, and the Americas not including the U.S.
While Circle does not provide an exact cause of the growth in trading activity, the report highlights the success of the new “Buy the Market” feature, which allows users to easily diversify their portfolios with a single click. According to the report, more than 30% of customers buy unique on-click collections, often on an ongoing basis
In addition to its retail offerings, Circle’s OTC trading business, Circle Trade, saw significant growth in 2018. According to the report, Circle Trade executed more than 10,000 OTC trades with a notable $24 billion in notional trading volume. Circle notes that it has acted as a liquidity provider for VCs, crypto funds, hedge funds and family offices around the world.
In 2019, Circle projects similar growth across its various products as it continues to compete with Coinbase for users.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.