AlphaPoint’s New Service to Streamline Bitcoin Trading
Currently, there are approximately twenty separate bitcoin exchanges operating entirely independent of each other. These money markets are in no way interconnected with one another, which makes it rather inconvenient to trade across platforms. There are some benefits to having multiple exchanges, though, the primary advantage being the variety of features each exchange offers to suit the needs of different traders.
Alphapoint, a Hong-Kong-based technology company that powers most of the bitcoin exchanges, has plans to solve this problem in the future. Within the next month, the company plans to roll-out a platform that will act as a single-contact point for potential traders. By routing all of the different bitcoin exchanges to one network, users will not have to create an account for each individual exchange. Instead, users can create one account that will give them access to all 20 exchanges simultaneously.
Joe Ventura, founder of AlphaPoint, said that this network’s the target market is directed towards larger traders and institutional investors. The idea is to make bitcoin more accessible for these large traders;
This post was published at Inside Bitcoins on May 6, 2015.