Share this article
Exchange Technology Developer AlphaPoint Raises $5.6M in Latest Funding Round
A member of FINRA's board of governors has also joined AlphaPoint's board.
By Paddy Baker
Updated May 9, 2023, 3:06 a.m. Published Mar 6, 2020, 12:35 p.m.
Make us preferred on Google
Exchange software provider AlphaPoint has secured funding it says will finance the development of sophisticated trading features.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The New York-based firm said Thursday it successfully raised $5.6 million in an additional funding round, taking its total capital raised to date to $23.9 million.
Established in 2013, AlphaPoint provides trading software used by over 150 exchange clients around the world, according to the firm's figures. The company added support for security token offerings (STOs) a year ago and margin trading features in November.
The latest investment will go towards developing new trading features including improved margin trading and liquidity solutions and advanced brokerage capabilities. AlphaPoint co-founder and Chief Executive Igor Telyatnikov commented that with the additional funding the firm could "continue delivering on our mission to enable access to digital assets globally."
AlphaPoint raised $15 million in its first major funding round in June 2018, with assistance from crypto merchant bank Galaxy Digital. An AlphaPoint spokesperson confirmed to CoinDesk that Galaxy had participated in this latest round, but that other investors had opted to not disclose their identities.
In other news from the firm, the chief executive of financial advisory firm Janney Montgomery Scott, Tim Scheve, has joined AlphaPoint's board of governors. Scheve is also a member of the board of governors at the Financial Industry Regulatory Authority (FINRA), the body responsible for regulating U.S. brokerage firms.
UPDATE (Mar. 6, 15:05 UTC): This article has been updated with additional information about the investors who participated in the raise.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips
Cometh founder Jerome de Tychey is applying DeFi lending and borrowing on platforms like Aave, Morpho, and Uniswap to structures that help the ultra-wealthy secure loans against their massive crypto fortunes.
What to know:
- Wealthy investors who hold much of their fortune in crypto are increasingly turning to decentralized finance platforms to secure flexible credit lines without selling their digital assets.
- Firms like Cometh help family offices and other rich clients navigate complex DeFi tools, using assets such as bitcoin, ether and stablecoins to replicate traditional Lombard-style collateralized loans.
- DeFi loans can be faster and more anonymous than traditional bank credit but carry volatility and liquidation risks, and Cometh is also experimenting with applying DeFi strategies to traditional securities via ISIN-based tokenization.
Top Stories
