White Label Exchange Provider AlphaPoint Raises $5.6 Million

Published at: March 6, 2020

New York-based white label exchange provider AlphaPoint has raised a further $5.6 million from investors to help scale its exchange technology.AlphaPoint’s tech is currently used as the backend for 150 exchanges across 35 countries, servicing more than a million end users. The funding will be used for platform development and to roll out more sophisticated exchange features like margin trading, integrated advanced brokerage capabilities, and better liquidity solutions.

Co-founder and CEO of AlphaPoint Igor Telyatnikov said these features are just the tip of the iceberg:

“Stay tuned in 2020 as we will soon announce the release of a series of new liquidity, leverage, and lending products and solutions to our customers.”

Two year gap between funding rounds

This latest funding round comes two years after AlphaPoint drew in $15 million from Mike Novogratz's Galaxy Digital Ventures in 2018 to grow its standing as a digital asset marketplace. In total, the company has raised $23.9 million since it was launched in 2013.

Telyatnikov described the infusion of capital as an effective short-term solution for their current needs:

“This capital injection enables AlphaPoint to continue delivering on our mission to enable access to digital assets globally. We are still in the early days of adoption and utilization of blockchain technology.”

Fresh blood at AlphaPoint 

The company is also adding two new members to their board of directors and advisory board. Tim Scheve, President and CEO of Janney Montgomery Scott, will join AlphaPoint’s board of directors while Jan Mayle, founder and CEO of The Mayle Group, comes in as an advisor. 

Tags
Blockchain
Investments
Digital Asset
Alphapoint
Related Posts
Crypto Market Trading — Inside Look From Those Earning a Living Off It
Since Bitcoin (BTC) came into the world back in 2009, the digital asset industry as a whole has grown quite exponentially — with the market reaching its apex on the break of 2017-2018. Additionally, in the midst of all this, there has been a rise in the crypto trading sector, with the total capitalization of this domain currently pegged around the $277.90 billion mark. In its most basic sense, cryptocurrency trading can be compared to forex trading because it allows enthusiasts to purchase digital assets using fiat currencies. Not only that, investors can also choose to make use of a …
Decentralization / July 29, 2019
Blockchain-Based Alternative Investment Firm to Be Listed on Bloomberg Terminal
A blockchain-based alternative investment provider that tokenizes commercial debt is being listed on the Bloomberg Terminal, according to a news release published on June 4. Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier (FIGI), enabling professionals who use the Bloomberg Terminal to research its offering and execute trades. The company connects investors with businesses that need to borrow money in order to plug temporary gaps in their cash flow. On its website, Cadence says the minimum investment amount is $500, giving consumers “opportunities traditionally reserved for institutions.” Currently in private beta, Cadence …
Blockchain / June 4, 2019
Institutional Crypto Wallet Startup Raises $6.5 Million, ‘Eliminates Private Keys’
Curv, a digital asset startup headquartered in the United States, has raised $6.5 million to launch a cloud-based digital asset wallet for financial institutions that does not use private keys, a company press release published on Feb. 26 reveals. According to the statement, the seed round was led by digital asset investment company Digital Currency Group and Israeli cybersecurity company Team8. The round also included participation from Monex Group, Flybridge Capital, Jump Capital and Liberty City Ventures. The funds will reportedly be used to create an institutional digital wallet that allows institutions and enterprises to securely use digital assets and …
Blockchain / Feb. 26, 2019
Navigating the crypto crash can be challenging, but there are tools to help you in 2023
The crypto space is notorious for its significant swings and ups and downs. Yet the 2022 crash seems harsher and more unpredictable than previous bear markets. Still, there are ways for investors to safeguard their crypto assets and protect them despite the turbulent times. Regardless of the somewhat hostile environment, crypto adoption is still rising, signaling that the bear times will end. According to recent research, about 20% of people in America who have never owned crypto plan to invest by the end of the year. But why is the space crashing when interest is on the rise? Why was …
Blockchain / Jan. 11, 2023
US securities regulator probes Wall Street over crypto custody: Report
The United States Securities and Exchange Commission (SEC) has been probing traditional Wall Street investment advisors that may be offering digital asset custody to its clients without the proper qualifications. A Jan. 26 Reuters report citing “three sources with knowledge of the inquiry” said the SEC’s investigation has been going on for several months already but accelerated after the collapse of crypto exchange FTX. The investigations by the SEC have not been known previously before as the agency’s inquiries are not public, said the sources. As per the Reuters report, much of the SEC’s efforts in this inquiry are looking …
Adoption / Jan. 27, 2023