This is for all the users, especially for the newcomers into this industry of the digital currency world. By using the Circle’s crypto purchasing app, a user can buy collections of cryptocurrencies in a few easy taps. Initially, the Circle Invest launched an app to buy Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin in just a few taps.
Now, the company makes a move on a further step by introducing the “buy the market”. The company adding more coins frequently, the new users are got confusion between many coins. Also, stuck with the understanding between the difference of each other coins. For example, Ethereum and Ethereum Classic.
So, by using “buy the market”, user can buy all the coins on Circle Invest, weighted depending on their respective market capitalization. According to the source, around 30 percent of Circle Invest users are using this feature. People who buy this package probably don’t invest as much as users who build their own portfolio, so it might not be 30 percent of Circle Invest’s transaction volume.
Divya Agarwalla wrote in the blog of Circle.com as “Projects like Bitcoin, Bitcoin Cash, Stellar, and Litecoin are trying to build superior payment rails based on blockchain technology so that making payments is as easy, instant, and as borderless as sending an email. If customers are passionate about this category of assets and want to invest, they can simply buy the Payments collection. Each of the assets in the collection will be weighted by market cap. Customers will also be able to educate themselves on the collections through our in-product content.”
One of the biggest crypto exchange, Coinbase recently introduced a similar feature called bundles. In just a few taps, you can purchase all the coins on Coinbase. Please note that the collections are weighted by market cap.