AlphaPoint announces support for Stellar Lumens

New York – 11th December 2018 – AlphaPoint, a leading blockchain company focused on enabling institutions to launch, scale, and operate digital asset exchanges globally, today announced that through its collaboration with the Stellar Development Foundation that AlphaPoint now supports lumens (XLM), the native asset of the Stellar network, for its clients, including depositing, withdrawal, custody, and trading.

AlphaPoint supports over a dozen protocols and hundreds of coins. This integration enables more than 100 AlphaPoint-powered exchanges to support lumens for deposit, withdrawal, custody, and trading with fiat and cryptocurrency pairings. More than 10 exchanges in AlphaPoint’s growing network have piloted support and already list XLM for trading.

The Stellar Development Foundation helps build and maintain Stellar, an open network that allows any currency or asset to be digitally issued, transferred, and exchanged over the internet. Lumens, Stellar’s native currency, are required to create accounts and complete operations on the network. Lumens serve as a bridge asset between pairs of different currencies and contribute to the network’s ability to move money around the world and to conduct transactions between different currencies quickly and securely.

“Our goal is to enable our clients to provide access to digital assets globally and we are thrilled to now support Stellar Lumens,” says Igor Telyatnikov, Co-Founder and President, AlphaPoint. “AlphaPoint shares in Stellar’s vision of bringing the world together by creating a bridge between traditional finance and cryptocurrencies and we are also excited by the many projects happening in the Stellar ecosystem.”

“We’re excited about our collaboration with AlphaPoint as it will increase access to Stellar, bring more liquidity to XLM, and ultimately help grow our ecosystem,” says Lisa Nestor, Director of Partnerships, Stellar Development Foundation.

AlphaPoint’s proprietary distributed ledger technology supports a highly-secured venue and the ability to process nearly one million transactions per second. Its whitecustomers have the ability to integrate a bevy of coin offerings and pairings through its many partnerships with digital asset companies.