According to Bloomberg, company Circle has announced that it plans to hire about 100 people in Asia to expand in this region, the activities of the newly acquired cryptocurrency exchange Poloniex.
In an interview co-founder and CEO of Circle Jeremy Allair gave while in Hong Kong, he said that the company intends to begin to provide services in South Korea, Japan, China and Hong Kong.
In the long term, we believe that any form of value on the planet one way or another will be presented in the form of a cryptographic token.
Allair also made it clear that the Circle intends to comply with all requirements of local regulators:
We want to offer more markets, more assets, we want them to localize and launch in international markets, and, obviously, to achieve all this we need to work closely with regulators.
According to Bloomberg, the U.S. company has no plans to raise additional funds this year. However, Allair said that the company expects to become profitable “in the second year”.
The company Circle was founded in October 2013, offers several products such as mobile payments app Circle Pay and Trade Circle to work with cryptocurrencies, and the turnover of which, according to some estimates is more than $ 2 billion per month. On March 13, the company announced the launch of its platform cryptoanalytical Circle Invest, which is currently available for US citizens in 46 States.