Just turn on Motion Blur from the Render Menu:
You can fine tune the effect in the Project > Properties inspector in the Motion Blur section:
The more samples, the smoother the motion blur. The Shutter Angle is supposed to simulate a video cameras shutter (the explanation for that is: it's a leftover terminology from the days when film motion picture cameras had a spinning shutter and the shutter speed was controlled by how fast it would spin calculated against a single frame - in other words, how long the opening spent traversing one frame measured in the angle of arc.) Don't think about that too hard - it hurts 😉
The default setting is 360º, but the most common shutter angle used in cinema is 180º.
All that said, you will still have to experiment somewhat to get the settings you prefer for motion blue AND as in increase the number of examples and the shutter speed (Shutter Angle) you will be increasing the amount of time it takes Motion to render each frame. Be prepared to Render (command-R) your video a lot. Find the Motion Blur setting you like and turn Motion Blur back off (you can turn it on again when you Export [Render settings] or when you finish developing your project and you render it one last time... so to speak.
There's a cheat that works fairly well -- Just apply Filters > Time > Trails to the group containing your animated circle. Crank up the Echoes and experiment with the Duration. (You might also try the Widetime filter).
HTH