Despite challenging industry conditions and the onset of crypto winter, 2022 proved to be another year of growth for the AlphaPoint team
, setting us up to continue building and innovating to empower the global digital asset market in 2023 and beyond. In 9 years, AlphaPoint has weathered multiple market downturns and we have learned that this is a time to build, focus on what matters most, and prepare to deliver and enable clients
for the next wave of global demand.
Growth and Development:
Client Activity: AlphaPoint clients’ account activity and trade volume remained strong in a year where total crypto market capitalization halved from $2T to slightly under $1T year-over-year. Marketplace customers, who serve over 40M end-users globally, increased users and accounts on platform nearly 30% over 2021 figures, growing to over 9M accounts across client exchange, brokerage, and wallet platforms worldwide in 2022.
Despite significant headwinds, we continue to deliver exchange and trading technology expertise to power emerging new markets, onboarding 10+ new clients serving end-users in every continent globally. Notably, we partnered with new institutional clients in Columbia, Greece, and the UAE who strive to bring access to advanced digital asset trading capabilities to their customers.
Company Expansion: While several firms in the industry have paused hiring, AlphaPoint continues to aggressively expand the team globally, with new offices and team members joining in LATAM and APAC. In 2022, we grew our company to 150+ employees worldwide, with over 100 total new hires. We are committed to continue recruiting world class talent to empower our customers with critical financial infrastructure. AlphaPoint currently has 20 remote positions open to candidates across the globe in product development, engineering, and technical operations.
Enabling Country-Wide Adoption:
In 2021, El Salvador made history by making bitcoin legal tender
and creating the world’s first national Bitcoin wallet, Chivo. In early 2022, AlphaPoint was honored to be announced as the selected partner to upgrade Chivo
for its next phase of growth. Enabling financial inclusion and empowering people
with the technology to confidently transact for payments, remittances, and merchant processing has never aligned more with AlphaPoint’s original mission. More countries will follow in El Salvador’s footsteps
in the coming years, to bring Bitcoin and financial inclusion globally. In May 2022, central bank representatives and prominent political leaders from 44 countries gathered in El Salvador’s capital city of San Salvador to discuss the feasibility of Bitcoin adoption by their governments
Company Updates & New Features/Capabilities:
SOC Certification: In 2022, AlphaPoint became one of the few crypto companies to be issued SOC 1 and SOC 2 Type 2 reports, rounding out our efforts at complete SOC compliance with all four (SOC 1 T1 & T2, SOC 2 T1 & T2) now covering our White Label Exchange Software (APEX) and suite of products. As a prerequisite for providing core services in many major financial institutions, SOC 1 Type 2 and SOC 2 Type 2 examinations are an important audit of systems and controls that establish professional grade processes and functionality to assist in determining suitability for institutional use.
APEX 4.2 Release: AlphaPoint released the next major update to our APEX white label exchange platform with the 4.2 Release. APEX 4.2 included a number of improvements to stability, scalability and security, including the scalable Lite Gateway, a new OMS FIX Gateway and support for YubiKey multi-factor authentication.
Bitcoin Lightning Network: AlphaPoint worked to enhance Bitcoin’s Lightning Network payment protocol for instantaneous settlements on the Chivo bitcoin wallet, with transaction activity from the wallet ecosystem contributing to a 400% overall increase in transaction volume on the Lightning Network worldwide.
New Partner Integrations: AlphaPoint expanded the availability of third party integration options in our client marketplace significantly, with the addition of 10+ NEW partners including:
Additionally, we extended our liquidity partner ecosystem
, a service which fills order books at launch to ensure guaranteed liquidity for new client exchanges, to include:
Our liquidity integrations
allow customers to automate market making, ensuring deep liquidity, competitive prices, and managing risk with many options including post-trade settlement options. We continue to evaluate and add new liquidity partners to empower customers
with options for a wide range of assets.
AlphaPoint continues to maintain a global presence in the industry by speaking, sponsoring and attending global finance and digital asset events to advocate for increased adoption and fair regulatory frameworks.
- CfC St. Moritz 2022 – (Switzerland, January): A digital assets and blockchain conference for private and institutional investors to meet the leading industry experts.
- Bitcoin 2022 – (Miami, April): The world’s largest gathering of Bitcoiners celebrating 3 days of Bitcoin education, announcements and progress towards Hyperbitcoinization.
- Consensus – (Austin, TX, June): A gathering that brings together all sides of the cryptocurrency, blockchain and Web3 community, including a deep dive into the metaverse.
- Mainnet by Messari – (New York, September): Mainnet is an immersive summit, held annually by Messari and known for its exclusive audience and educational environment, discussing the crypto economy at Pier 36 NYC.
- Bitcoin Amsterdam – (Amsterdam, October): Bitcoin Magazine’s first event outside of the US, aimed to capture European attention towards the impact of global Bitcoin adoption.
- LABITCONF 2022 – (Buenos Aires, November): Latin America’s biggest Bitcoin community, encompassed by crypto lovers and soccer fanatics, all gathered for 2022’s World Cup Edition.
We hope to see you in person at an event in 2023!
Onward and upward 🚀