Goldman Sachs-funded Circle Internet Financial Ltd. has introduced a new feature for its crypto investment app Circle Invest called “Collections.”
The company shared the news in an official blog post.
The feature gives clients the option to invest in one or more collections of crypto assets, each classified according to a specific theme: “Platforms, Payments, and Privacy.”
The company presents the tool as a basic way for investors to focus their portfolio on different coins, according to a particular functionality of their choice. After picking a collection category, users can then invest in the entire category in one swoop.
Today’s post cited that the different crypto assets in each collection would be weighted according to their respective market caps. Circle’s Collections product would also offer educational information so that users can make informed and overall better choices about their investments.
According to the app’s official website, Circle Invest backs a wide range of coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Stellar (XLM), and EOS (EOS). Today’s post signifies that of these, BTC, BCH, XLM and LTC would be included as part of the new ‘Payments’ collection.
Back in May, Circle Invest had offered a feature called “Buy the Market,” which sought to make it easier for neophyte traders to enter the crypto market. The feature allowed users to invest in all Circle Invest’s listed coins at once, similarly splitting their investment – which can be as little as $1 – according to the coins’ market capitalization weightings.
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