AlphaPoint’s Recent Funding Milestone
New York’s very own exchange provider, AlphaPoint, has just pocketed a nifty $5.6 million in fresh funds from a group of eager investors. This investment is aimed at supercharging its already impressive exchange technology, which forms the backbone of 150 exchanges across 35 countries and caters to over a million end users.
What’s Cooking? Enhanced Features on the Horizon
With the new funds in hand, AlphaPoint isn’t just going to kick back and relax. Oh no! They have ambitious plans to roll out a suite of sophisticated exchange features. Think margin trading, integrated advanced brokerage functionalities, and improved liquidity solutions. In the words of co-founder and CEO Igor Telyatnikov, these features are merely “the tip of the iceberg.” So, get ready for some exciting announcements in 2020!
The Long Game: Funding Round Two Years in the Making
This latest cash influx comes a whopping two years after AlphaPoint raised $15 million from Mike Novogratz’s Galaxy Digital Ventures in 2018. Since its inception in 2013, AlphaPoint has amassed a total of $23.9 million. Not too shabby for a startup in the ever-evolving digital asset space!
Keeping It Fresh: New Faces on the Team
In addition to new capital, AlphaPoint is also welcoming some fresh talent to its board. Tim Scheve, the President and CEO of Janney Montgomery Scott, joins the board of directors to lend his impressive know-how, while Jan Mayle, founder and CEO of The Mayle Group, joins as an advisor. With these new voices at the table, AlphaPoint is clearly gearing up for a larger impact in the digital asset marketplace.
Looking Ahead: A Promising Future for Digital Assets
Telyatnikov states that this capital injection is a strategic move to ensure AlphaPoint continues to meet its mission: “enabling access to digital assets globally.” As blockchain adoption is still in its infancy, the company is keen on capitalizing on the opportunity to lead the charge in this transformative space.
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