Bitstamp to Deploy New Market Surveillance Tool to Fight Price Manipulation

Exchanges

The cryptocurrency market is a goal of the identical manipulation and abuse that the fairness, commodity and foreign exchange markets have suffered for years, and exchanges that want to shield their purchasers want methods to monitor buying and selling exercise. Bitstamp is now the newest alternate to implement such a instrument.

Additionally Learn: Chinese language Startup Will get Crypto Custodial Providers License in Hong Kong

Bitstamp to Deploy Irisium

Bitstamp to Deploy New Market Surveillance Tool to Fight Price ManipulationBitstamp has introduced a partnership with Irisium to launch a market-monitoring platform on the alternate. Irisium, a subsidiary of Swedish stock-exchange expertise developer Cinnober, is a market surveillance service supplier for conventional exchanges, clearing homes, regulators and buying and selling companies world wide.

“We’re dedicated to crypto in the long run,” stated Bitstamp CEO and co-founder Nejc Kodrič. “Our need is to present a good and orderly market which displays correct provide and demand. To ensure that the business to mature, efficient market monitoring is essential. We’re cooperating carefully with Irisium and can leverage their vital expertise to present a extra sturdy and clear buying and selling venue for our prospects.”

The Market Surveillance Market

Bitstamp to Deploy New Market Surveillance Tool to Fight Price ManipulationIrisium, which is understood to be utilized by different crypto exchanges similar to Bitfinex, isn’t the one market surveillance firm that’s making an attempt to increase from conventional markets into crypto. One of many greatest gamers within the institutional world, Nasdaq, is pushing exhausting for its Smarts surveillance platform to be adopted by digital asset exchanges.

Coincidentally, Nasdaq introduced a plan to purchase Irisium’s dad or mum firm, Cinnober, for $190 million earlier this yr. The deal is now beneath assessment by the Competitors and Markets Authority, which is the U.Ok. antitrust regulator.

“Bitstamp’s proactive adoption of Irisium and shut partnership with us demonstrates their need to improve transparency, integrity and confidence within the cryptocurrency market,” stated Alastair Goodwin, CEO of Irisium. “Integrating Irisium’s revolutionary expertise into Bitstamp’s platform will assist compliant and environment friendly operations. Enhanced buyer safety and market integrity will assist drive adoption and market liquidity.”

Does this makes you are feeling safer about buying and selling on Bitstamp? Share your ideas within the feedback part beneath.


Pictures courtesy of Shutterstock.


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