Boston-based crypto firm Circle Internet Financial is reportedly raising $250 million combined of equity and debt in their next funding round to further expand its operations and product offerings.

Until now, the fintech firm has received investment from leading investors such as Wall Street investment bank Goldman Sachs, the Digital Currency Group, and Pantera Capital, amounting to $246 million in total. Most recently, Circle was valued at almost $3 billion and raised successfully $110 million in its Series E fundraising round.

This additional funding before its initial public offerings (IPO) is said to be a strategic move to expand Circle’s market share on Coinbase, a San-francisco crypto exchange, and other rival firms in the field.

The crypto finance company currently offers four products: Circle Invest, Circle Pay, Circle Trade and crypto exchange Poloniex. An official blog post published on January 3rd, 2019 by Circle noted that the global internet finance company helped process over 10,000 over-the-counter (OTC) trades across 36 different crypto assets with almost 600 counterparties.

Per the blog post, the payment technology firm explained its business strategy in 2019 with different initiatives:

“This year, we anticipate further incremental growth in institutional adoption catalyzed by stablecoin usage, advancements in institutional custody solutions, increasing regulatory clarity particularly in the [United States], and improvements and innovation in core crypto infrastructure.”

Earlier this year, speaking at the World Economic Forum in Davos, Switzerland, Circle CEO Jeremy Allaire told world leaders:

“We see crypto as much more transformative even [when compared to the world wide] web. It will have a far greater impact on our civic institutions, our economic institutions, and on the nature of the firm itself.”

Circle also looks for tactics including insider trading and “pump and dump” schemes through advanced market surveillance tools in order to fight manipulation in the crypto market. The American fintech firm reportedly plan to employ tools from digital financial services firm Nice Actimize to avoid crooked activities in crypto industry.