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How to Buy Circle Stock [2024] | IPO & Valuation

circle stock
Marko Marjanovic

Summary: Known for its USDC stablecoin, Circle is one of the major players in the crypto and Web3 sectors. However, you can’t buy circle stock directly, as it is not a publicly traded company. Still, there’s been a lot of talk about it going public with a 2024 initial public offering, so it’s worth keeping an eye out for any pertinent developments. In the meantime, investors looking to gain exposure to the crypto market can invest in some alternatives on stock trading platforms such as eToro.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Circle

circle stock
Circle homepage. Source: Circle.com

Circle — once a peer-to-peer payments technology firm, now a company that oversees USDC, one of the most widely traded stablecoins and cryptocurrencies directly tied to the US dollar. The company was established by Jeremy Allaire and Sean Neville in 2013 and is based in Boston, Massachusetts. 

Currently, USDC is the second-largest stablecoin globally, maintaining a stable value of around $1 and being primarily invested in short-term US government securities.

Circle stock IPO

Circle is reportedly considering an initial public offering (IPO) in early 2024, according to a Bloomberg post. However, it is not certain whether any IPO is actually scheduled for 2024, and Circle is withholding details.

Circle had plans to go public in the past, notably after a $4.5 billion merger with Concord Acquisition in 2021. However, the plan never materialized.

Financial services firms, such as BlackRock, Goldman Sachs, and General Catalyst Partners, have invested in Circle. Consequently, if an IPO really is planned for 2024, it will open a lot of doors for investors in the crypto sector

After all, Circle enjoys a market capitalization amounting to almost $25 billion, and USDC is the seventh-largest cryptocurrency as of December 2023. Sure, the crypto landscape is undergoing rapid changes, but it’s also attracting a growing number of new investors and traders, and Circle is well positioned to profit from a public status, enjoying both wide adoption and a solid market cap.

How to buy Circle stock: Step-by-step

As previously noted, Circle is a private company, so direct stock purchases are not possible. However, you have the option to invest in some of its competitors, like Coinbase, to gain exposure to the market while anticipating the potential Circle IPO.

To invest in a Circle alternative, you can follow these simple steps:

  1. Step 1: Choose a broker;
  2. Step 2: Open and fund your account;
  3. Step 3: Research Circle alternatives; 
  4. Step 4: Place your order.

Step 1: Choose a broker

The first step involves choosing a suitable broker. When looking for a broker, consider fees and commissions, the quality of customer support, and the availability of additional features such as research tools and educational resources.

Our recommended brokerage is eToro, a stock trading platform with millions of active users and features such as:

  • Commission-free stock trading; 
  • Access to global stock exchanges; 
  • Fractional shares; 
  • Charting tools;
  • Copy-trading and Smart Portfolios. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 2: Open and fund your account

Having chosen a broker, you can open and fund your account before initiating any stock purchases. Modern brokerage platforms offer users various funding methods, including:

  • Bank transfers;
  • Credit/debit card payments;
  • Wire transfers;
  • PayPal.

Step 3: Research Circle alternatives

Next, it’s time to research the market and find some Circle alternatives. The crypto and DeFi industries are constantly changing, so new investment opportunities can pop up at any time. However, the market is also volatile, so utmost care and caution are advised. 

Here are our picks:


1. Coinbase (COIN)

Coinbase is known as one of the first commercially successful mainstream cryptocurrency exchanges. Today, the company is channeling investments into emerging companies in the sector to fortify its position within Web3 and fintech ecosystems. As the adoption of crypto and DeFi solutions continues to rise, Coinbase is well-positioned to capitalize on the escalating demand for secure and user-friendly platforms.

Coinbase stock price today

2. Block (SQ)

Block (NYSE: SQ): With the growing popularity of its Cash App and the expansion of Bitcoin (BTC) trading services, Block has broadened its range of offerings and showed it’s capable of adapting to market demands. Consequently, it started to appeal to a larger number of investors and established it as a versatile participant in the fintech sector;

Block stock price today

3. Riot (RIOT)

Riot (NASDAQ: RIOT): Bitcoin is likely to see another halving event early in 2024, which implies a 50% reduction in miner payouts. In this past, these kinds of event triggered surges in the token’s price. However, Riot is expanding its mining operations just in time for this event, so it’s poised to mine a greater Bitcoin quantites just when its price is about to go up. Still, investors should keep in mind the costs and risks associated with such business strategies in the crypto world — the market is highly volatile, so there’s no guarantee Riot’s apparent plan will be fruitful.

Riot stock price today

For more investment opportunities in Web3 and fintech, read our in-depth guides on the topic:


Step 4: Place an order

With funds deposited into your account and a clear idea of the company you wish to invest in, you can proceed to place an order and purchase some Circle stock alternatives. To do that, you can:

  • Log into your new brokerage account
  • Search for the Circle stock alternative you wish to buy within the broker’s main interface; 
  • Specify the order type (market order to buy shares at their current price or a limit order to set a price at which you wish to buy shares later on); 
  • Enter the number of shares or specify the dollar amount you wish to invest;
  • Review your order
  • Confirm and execute the order.

Pros and cons of investing in crypto companies

The cryptocurrency industry has witnessed significant growth in recent years, with many early-bird investors looking to capitalize on its boom. Circle is well-positioned in the market, but sadly, it’s not a publicly traded company, so you’ll have to invest in some alternatives for now.

Note that even though some crypto-oriented companies might enjoy wide adoption and high market caps, they are still at risk due to the volatility of the crypto market and some of the baggage that comes with it. In other words, it is prudent to carefully consider both the advantages and disadvantages before making any investment decisions.

Pros

Pros

  • Accessibility: Investing in crypto companies can be a good way to gain exposure to the crypto market without investing in actual cryptocurrencies; 
  • User growth: More and more people are dabbling in crypto;
  • Decentralization: Many investors could find a sense of satisfaction in investing in companies that promote a decentralized internet.
Cons

Cons

  • Volatility: The crypto market is relatively new and highly volatility, so stock prices may fluctuate;
  • Competition: Crypto-oriented companies often have a presence in fintech, Web3, and DeFi markets, which can be quite competitive;
  • Regulatory and similar risks: Changes in regulations and legal policies can impact each company’s performance. Moreover, the crypto sphere attracts a number of hackers and scammers.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Circle stock

Can you buy Circle stock?

No, Circle has still not had its initial public offering (IPO), so its stock is not yet available for purchase. 

When is Circle’s stock IPO?

Circle’s stock IPO might occur in 2024, but there is no unequivocal info.

What is Circle’s stock symbol?

Circle still does not have its own ticker symbol as it is not publicly traded.

How to buy Circle stock?

Circle stock is still not available for purchase. When it goes public, it will likely be available on online stock trading platforms such as eToro.

What is the projected Circle stock price?

Circle’s projected stock price is anyone’s guess, as the company has not yet gone public, and no IPO date has been officially announced. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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