PRESS RELEASE. NEW YORK, August 5, 2021 – AlphaPoint, a global provider of white label software for launching and operating crypto and digital asset marketplaces, has announced support for Binance Smart Chain, enabling their global portfolio of client exchanges to offer the depositing, withdrawal, custody, and trading of BSC and BEP-20 tokens to end users.
Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.
Binance Smart Chain features:
- EVM Compatible
- Proof of Stake Authority
- Cross-Chain Contract Event (Trade, transfer)
- Block Time ~3-5 sec
“The explosion of demand for DeFi products over the last 18 months has led at times to record high fees for such applications on Ethereum, and interest in low-fee alternatives,” said Igor Telyatnikov, CEO of AlphaPoint, “Native support to trade, deposit and withdraw these assets will enable our customers to continue to offer in-demand assets as well as streamlined connectivity to a broader set of DeFi platforms.”
As support for BSC rolls out, over 1.2M end users trading on AlphaPoint powered exchanges will be able to natively engage with BSC-pegged versions of existing tokens and stablecoins, including new tokens for popular apps built specifically for Binance Smart Chain like PancakeSwap, Ontology, and Venus.
The introduction of BSC comes during a growth year that has led to AlphaPoint clients now collectively processing billions of dollars in AUM in aggregate through the white-label platform. With this expanded client activity, the platform as a whole has averaged $90M per month in net inflows this year. AlphaPoint offering portfolio-wide exposure to BSC assets for exchange clients will contribute to boosting BSC network activity, which has largely outpaced competing blockchains like Ethereum in daily transaction volume and unique active wallets during 2021.
AlphaPoint is a white-label software company powering crypto exchanges worldwide. Through our secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate crypto markets, as well as digitize assets. AlphaPoint and its award winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013.