AlphaPoint, a white label exchange company based in New York, has raised another $5.6 million from investors to help scale up its exchange technology.
Currently, AlphaPoint’s software is used as the backend for 150 exchanges across 35 countries, serving over a million end users. The funding will be used to build platforms and roll out more sophisticated exchange features such as margin trading, integrated automated brokering tools, and stronger liquidity solutions.
AlphaPoint’s co-founder and CEO Igor Telyatnikov said those apps 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.”
Latest Funding After Two Year Gap
This new investment round comes two years after AlphaPoint drew up its spot as a digital asset marketplace in $15 million from Mike Novogratz’s Galaxy Digital Ventures in 2018. The company has raised $23.9 million in total since its launch in 2013.
Telyatnikov called capital infusion an important short-term solution to 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.”
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https://newsccm.com/white-label-crypto-exchange-software-provider-alphapoint-raises-5-6-million/
