Rio de Janeiro, March 6, 2015 (GLOBE NEWSWIRE) — Today, FlowBTC is announcing the public launch of its digital currency exchange. In 2014, Founder and CEO Marcelo Miranda created the IXBTC index, Brazil’s primary price reference for Bitcoin. Realizing the need for a professional-grade Bitcoin exchange in Brazil, he leveraged his 15 years in the equities and technology space to build FlowBTC.
Paving the Way for Growth in Brazil
“The digital currency market in Brazil is still in its infancy,” said Miranda, who previously was Deutsche Bank’s head of equity trading for Brazil. “However, we are seeing aggressive growth and adoption in other markets, and have no doubt Brazil will follow suit. In order for that to happen, local users need a marketplace offering a premier experience buying and selling Bitcoin and that’s what we are going to offer with FlowBTC.”
In recent months, Bitcoin has been adopted by global brands like Dell, Microsoft, BBVA, and the NYSE. Venture capital investment in digital currency startups increased fourfold last year, up from $92 million in 2013 to $362 in 2014. Moreover, excluding a spike in Q4 2013 – Q1 2014, average daily Bitcoin trading volume almost tripled last year, growing from $9 million to $23 million. Powered by AlphaPoint’s state-of-the-art trading software, the FlowBTC platform will offer individuals and firms alike access to a secure, enterprise-grade trading experience for the first time in the Brazilian marketplace.
“We’re incredibly excited about working with FlowBTC,” said Vadim Telyatnikov, CEO of AlphaPoint. “The Brazilian market holds huge promise and we believe Marcelo’s trading experience will allow him to make deep inroads offering sorely-needed solutions for liquidity and security.”
Key Benefits for a Growing Customer Base
Leveraging the AlphaPoint exchange platform, FlowBTC will be able to offer clients immediate advantages:
“Today less than 300 Bitcoins change hands in local exchanges in Brazil each day,” said Miranda. “This is the result of a lack of reliable local exchanges. With FlowBTC, we expect to multiply this number tenfold.”
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