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:
- World-Class Architecture - Custom-built technology supporting nearly 1 million transactions per second - designed to never slow down, even during extreme spikes in trading
- Competitive Rates - FlowBTC will be interconnected with 20 digital currency exchanges from day one, offering competitive exchange rates and deep liquidity
- Military-Grade Security - Layered security architecture allows clients peace of mind over their data and assets
"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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About FlowBTC
FlowBTC is Brazil's newest digital currency exchange, offering exceptional security and unprecedented ease of use. The company was founded by security and finance professionals with 20+ years of experience and designed to give Brazilians access to an innovative, transparent Bitcoin trading platform. Its mission is to help traders and institutions understand digital currency and to empower them to embrace its potential. For more information, visit www.flowbtc.com.br.
About AlphaPoint
AlphaPoint (est. in 2013) is the leading exchange technology platform provider to support digital currencies. The company powers some of the top Bitcoin and altcoin exchanges in the world, and is faster than traditional exchanges with the ability to process nearly one million transactions per second. By easing the adoption of digital currencies, AlphaPoint's secure, scalable, and customizable platform is helping change how businesses and consumers transact. AlphaPoint has offices in New York City, Philadelphia, and San Francisco. For more information, visit www.alphapoint.com.