Crypto trade service firm, Voyager Digital Canada, has completed its acquisition of Circle's retail-facing investment app.

On April 3, Voyager appear it had onboarded Circle Invest's more than 40,000 accounts onto its platform — excluding residents of New York, North Carolina, and Alaska. Voyager now reports a user base of more 200,000 in total.

Circle Invest was sold in exchange for a 4% stake in Voyager in February.

Voyager onboards Circumvolve Invest clients

Voyager offers commission-free trading on 34 crypto assets and USD.

The firm will go along to offer Circumvolve Invest'southward collections feature — assuasive customers to purchase baskets of assets grouped past mutual attributes and weighted by market place cap.

Users can also earn interest betwixt ii% and 6% interest on Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Nuance (Dash), Bitcoin Cash (BCH), the firm's native Voyager Token (VGX), and stablecoins USD Coin (USDC), Tether (USDT), and True USD (TUSD).

Voyager is licensed as a Coin Service Business with the U.South. Fiscal Crimes Enforcement Network (FinCEN) and is publicly traded on the Canadian Securities Exchange.

FinCEN mandates that Voyager must hold Circumvolve Invest'south Know-Your-Customer (KYC) data for five years subsequently business relationship closure.

Circle sheds subsidiary amid focus on stablecoin

Voyager's buy of Circle Invest was appear in February.

The news comprised the third major asset Circle has sold in 12 months — following the firm's auction of crypto exchange, Poloniex, to investors in Oct 2022, and the sale of its over-the-counter (OTC) trading desk, Circle Trade, to Kraken OTC in December 2022.

Speaking to Cointelegraph, a Circumvolve spokesperson indicated that the sales are part of Circumvolve's push button to focus more on its stablecoin, USDC. They stated: "It's articulate that in that location's more interest than ever before in stablecoins and fundamental banking company digital currencies, in part because significant global technology companies like Facebook and major economies like China take advanced plans for creating digital currencies."

The sales were accompanied by layoffs. Circle removed thirty positions, which deemed for 10% of its workforce, in May 2022, earlier culling a further 10 positions in December 2022.