Bitfinex partners with white label solution AlphaPoint to enhance performance, scale for growth

Bitfinex has partnered with AlphaPoint, a white label Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange technology provider, to enhance performance and scale for future growth.

AlphaPoint made the announcement earlier today at the Money 20/20 conference in Las Vegas, where the company has a booth.

The move is designed for Bitfinex to focus more on business strategy, and worry less about keeping its technology up to date. Said Josh Rossi, Bitfinex's VP of Business Development:

"To embrace a technology from a third party, rather than build it ourselves is a tough decision, as we do not outsource core functionality lightly. However, once we had the opportunity to look under the hood of the AlphaPoint platform, we found them to have the best enterprise backend solution to address our needs for the present and the future, allowing us to really focus on what we do best: create innovative new products and features, while focusing on delivering value to our customers."

AlphaPoint caters both to startups, to help them launch faster, as well as existing exchanges, to enhance performance and scale for growth. It says that its platform can handle one million transactions per second, which makes it useful to handle both short-term spikes and long-term growth.

The platform can also help other brokers to interact with Bitfinex's Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, as well as enhance user experience.

As the industry matures, we are seeing an emergence of several white label companies. AlphaPoint, however, distinguishes itself in having reportedly secured $1.35 million in funding in mid-October.