Exchange service provider AlphaPoint raises $ 5.6 million, Galaxy Digital takes another shot

On March 6, news, New York-based exchange service provider AlphaPoint announced today that it has completed its latest round of $ 5.6 million in financing to expand its trading technology.

In response, AlphaPoint co-founder and CEO Igor Telyatnikov revealed that the company's revenue last year exceeded $ 10 million, so it only took a few months to complete this round of financing, most of which came from unnamed investors , While its existing investor, Galaxy Digital Ventures, has made additional investments.

It is reported that AlphaPoint's technology has been adopted by 150 exchanges in 35 countries and regions, providing services to more than 1 million end users.

Telyatnikov also added:

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"Please look forward to 2020, we will soon release a series of new liquidity, leverage and loan products and solutions to our customers."

(Picture from: tuchong.com)

It is reported that two years ago, AlphaPoint had received a $ 15 million financing from Mike Digital's investment company Galaxy Digital. So far, the company has raised a total of $ 23.9 million.

With regard to these funds, Telyatnikov frankly states:

"This investment enables AlphaPoint to continue to fulfill our mission, and we are still in the early stages of adopting and utilizing blockchain technology."

In addition, the company's board of directors and advisory board has welcomed two new members, Tim Scheve, president and chief executive officer of Janney Montgomery Scott, a US securities rating agency, and Jan Mayle, founder of The Mayle Group, will serve as AlphaPoint advisors.

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