Bangkok-based digital asset broker Bitazza has taken its first step towards regional expansion, using AlphaPoint’s newly developed brokerage technology solution to launch the first digital asset brokerage business in Thailand, offering institutional grade, smart routing of domestic orders to international markets with deep liquidity, white-label software company AlphaPoint announced today.
This follows Bitazza’s recent acquisition of a digtal asset broker license from Thailand’s Ministry of Finance.
As one of the first brokers approved to operate in Thailand’s stringent regulatory environment, Bitazza is unique among first-to-market players for their issuance of a native utility token (BTZ) accepted for fee payment.
AlphaPoint also announced its new private label brokerage technology. This new solution provides Bitazza customers a platform to trade and manage their digital assets using highly secure infrastructure with advanced user interfaces and order types, as well as a user-friendly mobile application for convenience and fluid access to markets.
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The company recently added Tim Scheve, President and CEO of Janney Montgomery Scott, to its board of directors in order to acquire more brokerage customers globally.
AlphaPoint’s key enhancements
Known for its exchange technology, AlphaPoint has lately made key enhancements to enable operation of brokerages under a variety of local regulatory environments.
Some new features developed for AlphaPoint’s brokerage technology include enhanced liquidity, execution management and 2nd level order book.
“As a technology company, it is always exciting to roll out a new product and have a customer successfully launch with it. We are excited about Bitazza’s prospects to expand access to digital assets in Thailand and the broader region. Given what is happening globally, we believe demand for cryptocurrencies and digital assets will continue to accelerate,” Co-Founder and CEO of AlphaPoint, Igor Telyatnikov said.
“We are excited to provide a locally-based platform where Thais can have access to deep liquidity through connections to international markets,” Kavin Phongpandecha, CEO at Bitazza, added.