AlphaPoint, a New York-based firm, raised $ 5.6 million in an additional round of financing. Investments will go on to develop new trading functions for cryptocurrency exchanges. This is written by CoinDesk.
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AlphaPoint provides white-label trading software used by more than 150 customers worldwide. The company added security token support a year ago.
The funds received in the second round of financing will be used to improve margin trading, increase liquidity and expand brokerage opportunities.
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AlphaPoint Co-Founder & CEOIgor Telyatnikov noted that the development of new trading functions will enable the company to “continue to fulfill the mission of providing access to digital assets around the world.”
AlphaPoint raised $ 15 million in the first majora round of financing in June 2018 with the support of Galaxy Digital, a cryptocurrency trading bank. That summer, the company launched a trading platform with the base currency Ripple.
Recall that last summer, the American bitcoin exchange Kraken raised $ 13.5 million through the investment platform BnkToTheFuture.