Dublin-based consumer finance startup Circle Internet Financial Ltd. hires 100 people as it expands a newly acquired cryptocurrency exchange Poloniex, Bloomberg reported.
Circle will hire 25 to 35 people to grow its Asia operations, adding to a staff of about 10 in Hong Kong and mainland China, and set up teams in South Korea and Japan, co-founder Jeremy Allaire said.
He added that Circle will cooperate with authorities as the company expands globally.
“The long-term view is that every form of value on the planet will become a crypto token,” Allaire said.
“We want to offer more markets, more assets, we want to localize it, and launch it in more international markets and, critically, we need to work with the most important regulators,” he said, referring to Poloniex.
Circle, which is backed by $140 million in venture capital from investors such as Goldman Sachs (TIKER: GS.NYSE), Baidu (TIKER: BIDU.NASDAQ), and investment bank China International Capital Corp., acquired Poloniex last month.