Crypto Exchange Bitstamp To Implement Irisium’s Monitoring Platform To Improve Market Integrity

News | November 28, 2018 By:

Crypto exchange Bitstamp is planning to integrate Irisium‘s monitoring platform to enhance customer protection and market integrity.

Founded in 2011, Bitstamp is a regulated European bitcoin exchange and the EU’s largest by trading volume. Currently offering trading between BTC, BCH, ETH, XRP, LTC, USD and EUR, the exchange empowers individuals and institutions to reap the benefits of emerging financial technologies by unlocking reliable access to leading cryptocurrencies.

Irisium provides contextual surveillance and insightful analytics to exchanges, regulators, buy-side and sell-side firms to make them meet their obligations. The Irisium service, which has been developed by a team of regulatory and market experts, provides a unique level of insight and context, allowing its clients to efficiently monitor their business and manage risk with confidence.

Under the agreement, Bitstamp will implement the Irisium monitoring platform in order to improve the safety and reliability of its marketplace. Bitstamp will use Irisium’s platform to monitor market activity and attract more institutional investors.

Bitstamp CEO and co-founder Nejc Kodrič said that the company’s vision is to bridge the gap between traditional finance and crypto through a mature approach to the cryptocurrency space.

“We are committed to crypto in the long-term,” said Kodrič. “Our desire is to provide a fair and orderly market which reflects accurate supply and demand. In order for the industry to mature, effective market monitoring is crucial. We are cooperating closely with Irisium and will leverage their significant experience to provide a more robust and transparent trading venue for our customers.”

Alastair Goodwin, CEO of Irisium, said that Bitstamp’s pro-active adoption of Irisium demonstrates their desire to increase transparency, integrity and confidence in the cryptocurrency market.

“Integrating Irisium’s innovative technology into Bitstamp’s platform will support compliant and efficient operations,” said Goodwin. “Enhanced customer protection and market integrity will help drive adoption and market liquidity.”