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ALT5 Sigma Reports 99% Year-Over-Year Increase in Transaction Volume to Over US $879 Million for First Two Quarters of 2024
ALT5 Sigma (NASDAQ:ALTS) reported a 99% year-over-year increase in transaction volume to over US $879 million for the first two quarters of 2024. The company's June 2024 transaction volume reached approximately US$124 million, a 68% increase compared to the same period in 2023. ALT5 Sigma, a fintech company providing blockchain-powered technologies for digital asset management, attributes this growth to increasing digital asset adoption, particularly in the institutional market.
The company offers two main platforms: ALT5 Pay, a cryptocurrency payment gateway, and ALT5 Prime, an electronic over-the-counter trading platform. In 2023, ALT5 Sigma processed over US$1.2 billion in cryptocurrency transactions. The company is also involved in biotech activities, focusing on developing innovative solutions to address the opioid crisis.
ALT5 Sigma (NASDAQ:ALTS) reported a 99% year-over-year increase in transaction volume to over US $879 million for the first two quarters of 2024. The company's June 2024 transaction volume reached approximately US$124 million, a 68% increase compared to the same period in 2023. ALT5 Sigma, a fintech company providing blockchain-powered technologies for digital asset management, attributes this growth to increasing digital asset adoption, particularly in the institutional market.
The company offers two main platforms: ALT5 Pay, a cryptocurrency payment gateway, and ALT5 Prime, an electronic over-the-counter trading platform. In 2023, ALT5 Sigma processed over US$1.2 billion in cryptocurrency transactions. The company is also involved in biotech activities, focusing on developing innovative solutions to address the opioid crisis.
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