Circle Invest, the retail cryptocurrency trading platform of Circle, will reward new users with one coin for signing up for the app, making an investment and tweeting about it.
— Circle Invest (@circleinvest) November 12, 2018
According to the announcement, the new reward system, which will run through the end of the year, is part of an effort to spur crypto adoption and boost user signup. Participating customers will receive one of the cryptocurrencies listed on Circle Invest, including bitcoin.
This limited reward program is part of our broader mission to break the barriers to investing in crypto. We’ll admit it – crypto can be confusing, complex, and, because of market dynamics, potentially costly… so we’re launching the reward program to encourage more people to join us on this crypto journey.
The move further highlights the growing competition among retail crypto exchanges, as they go tit-for-tat launching new features in an effort to grab market share prior to the next wave of user adoption. This has been ongoing for the last few months between the three major competitors: Circle, Coinbase and Abra.
Most recently, Circle listed Basic Attention Token (BAT), the token associated with the privacy-focused Brave browser, roughly a week after Coinbase — Abra already added BAT in September.
More: Circle Invest to reward customers with crypto assets
Related: Circle Follows Coinbase, Adds Basic Attention Token (BAT)
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.