Share this article
AlphaPoint's White Label Tech Now Lets Crypto Exchanges Offer Margin Trading
The software provider is adding support for margin trading, with a raft of trading options and controls for crypto brokerages and exchanges.
By Danny Nelson
Updated Sep 13, 2021, 11:41 a.m. Published Nov 12, 2019, 1:00 p.m.
Make us preferred on Google
Crypto software firm AlphaPoint is bringing margin trading to its client exchanges.
Announced Tuesday at CoinDesk's Invest NYC conference, the technology provider is adding support for margin trading, with a raft of trading options and controls for crypto brokerages and exchanges utilizing its software.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
AlphaPoint’s platform is customizable, to better serve clients operating in different markets and regulatory regimes, spokesman Patrick Shields told CoinDesk:
"Rather than creating a one-size fits all model, we focused on creating a platform that is highly configurable," he said. "Some examples include requiring approval workflow for end users, and configurable minimum deposit size, leverage and liquidation levels, fees and other settings."
At launch, the company said that no clients were immediately implementing AlphaPoint margin trading, but "several firms" are beta testing the platform, including the Canadian cryptocurrency trader National Digital Asset Exchange (NDAX), according to a press release.
Bilal Hammoud, NDAX founder and CEO, said in a statement that he looked forward to the partnership:
"We will bring BTC to CAD margin trading to Cryptocurrency and allow traders to enjoy a secure, compliant, and technologically advanced platform."
Margin trading – when one buys a security (or in this case a cryptocurrency) using borrowed funds – is becoming increasingly prevalent in the crypto space as many popular exchanges continue implementing the feature. Binance rolled out margin trading in July, and Bakkt, Coinbase’s professional trading platform and Kraken all have the option.
But that increase has not come without pushback. Certain countries around the world have discouraged crypto margin trades and placed tight controls on the practice, as in Japan.
Trading image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin trader warns of downside as gold rally continues to pull focus from BTC
Crypto prices stabilized after an early-week dip, but bitcoin continued to trail gold and silver as macro trades dominated after the Fed’s policy hold.
What to know:
- Bitcoin hovered around $89,100 after the Federal Reserve left interest rates unchanged, with trading subdued despite modest gains in ether, solana, BNB and dogecoin.
- A sharp rebound in the U.S. dollar and continued strength in commodities, especially record-high gold and elevated silver and copper, have overshadowed crypto markets.
- Analysts say bitcoin is trading more like a high-beta risk asset than a macro hedge, stuck in a bearish consolidation about 30 percent below its October peak and struggling to break above key resistance near $89,000.
Top Stories
