There’s a new market in the financial industry, and it can’t be found on Wall Street. The rise in Bitcoin and other cryptocurrencies has spawned a group of financial tech startups in New York that work to facilitate Bitcoin exchanges. The new industry aims to help companies capitalize off the digital currency and helps regulate a rapidly evolving market. Check out how these New York City financial tech companies are innovating in the blockchain and cryptocurrency field.
The rise of Bitcoin is transforming the business landscape. AlphaPoint is helping businesses and entrepreneurs transition into the field of blockchain and Bitcoin exchange. The financial tech company provides a platform where they can digitize assets, launch markets and reduce operational costs utilizing blockchain.
BlinkTrade is working to integrate Bitcoin exchanges with consumer remittance companies. The startup provides a platform that enables instant company to company payments with blockchain, connects companies to its network of Bitcoin exchanges and offers Bitcoin ATMs and mobile payments.
ConsenSys is a venture capital startup that is investing in the future of financial transactions. The company helps fund and consult other startups that produce blockchain technologies. Its goal is to decentralize the financial market so that the power of investment goes through consumers and not the central banking authorities.
For many millennials entering the workforce, it can be difficult to set aside money for investments, let alone decide where to invest. Hedgeable offers a solution, providing private wealth management platform designed exclusively for millennials. The startup uses artificial intelligence to customize each person’s portfolio and allows users to invest in alternatives like Bitcoin. Its goal is to democratize the market and make it more accessible to everyone.
The market for bitcoins can be complex and difficult to break into. TradeBlock facilitates that transition, offering a platform and analytics tool for Bitcoin and Ethereum traders. The company provides market analysis, blockchain insights and a Bitcoin index designed to provide stability and prevent manipulation.
