Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: PRIBO247 on November 27, 2018, 04:12:37 PM
-
Irisium Ltd, a leading provider of market monitoring and analytics software for exchanges, regulators, buy-side and sell-side firms, and
Bitstamp, the largest cryptocurrency exchange by trading volume in Europe, today announced a partnership to implement the Irisium
monitoring platform on Bitstamp’s exchange.
Irisium’s state of the art holistic monitoring technology will complement Bitstamp’s commitment to providing a safe and reliable marketplace.
Bitstamp has been a pioneer in crypto security and regulation
since its inception in 2011. The exchange places an emphasis on
customer protection through KYC/AML procedures, advanced
security software and protocols. Its positive stance towards self-
regulation paved the way for Bitstamp’s Luxembourg entity
(Bitstamp Europe SA) to become the first crypto exchange with a
payment institution license in the EU. It is among the four
cryptocurrency exchanges that have provided pricing data for the
Chicago Mercantile Exchange’s (CME) cryptocurrency indices
since 2016.
Bitstamp’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 CEO
and co-founder Nejc 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.”
Bitstamp will use Irisium’s platform to monitor market activity.
Alastair Goodwin, CEO of Irisium Ltd, said: “Bitstamp’s pro-active
adoption of Irisium and close partnership with us 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. Enhanced customer protection and market
integrity will help drive adoption and market liquidity.”
Ensuring that market data is both legitimate and transparent is an
important step in crypto’s maturation, as it will make the industry
a better fit for traditional investors and institutions.
Source : http://globenewswire.com