Cryptocurrency giant Circle has announced plans to establish its new regional headquarters in Singapore. Established in 2013, Circle is a cryptocurrency company that specializes in financial products using blockchain technology. It recently raised a massive $110 million in a funding round and is looking to expand its business globally and pushing for mainstream adoption of digital currencies.
Circle's Expansion to Singapore
Circle is setting up its new regional headquarters in Singapore for the Asia-Pacific Region. The new office is expected to open in the first quarter of 2018. Circle’s expansion will encompass a full range of services from product development to customer support, soon after its launch in Singapore.
The opening of the Singapore office is part of Circle’s global expansion plan. Circle is looking to take advantage of the region’s thriving fintech market as well as its favourable regulations, which make it an ideal environment for a company like Circle to grow.
What Makes Singapore an Ideal Location?
Singapore is quickly becoming a centre for fintech and blockchain investments. The Singaporean government has been actively promoting the development of fintech and blockchain-related businesses in the country. Singapore is also the home of the Global FinTech Hub, a consortium of leading financial institutions and blockchain companies.
In addition, Singapore’s regulations are very favourable towards cryptocurrencies and blockchain-related services. The country is also well-connected to other major financial centres in Asia, making it an attractive destination for companies like Circle.
What This Means for Circle?
The establishment of a regional headquarters in Singapore is an important step for Circle. The company has already established itself as one of the major players in the cryptocurrency industry and this will help it to expand into new markets and reach more customers.
Circle is also investing heavily in product development and customer support. The new office in Singapore will play an important role in helping the company to develop new products and services, as well as providing better customer support to its customers.
In a nutshell, Circle’s expansion into Singapore is an important milestone in its global ambitions. The new office will help the company to better serve its customers and expand into new markets. This could be the beginning of an exciting new chapter in the history of Circle.
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