Crypto derivatives alternate Deribit to place in place commerce surveillance platform from Eventus » CryptoNinjas

Eventus, a supplier of multi-asset class commerce surveillance and market threat options, introduced right this moment that cryptocurrency derivatives exchange Deribit has chosen the agency’s Validus platform to offer market abuse monitoring on the alternate.

Headquartered in Panama City, Panama, Deribit is likely one of the largest cryptocurrency choices exchanges by quantity and open curiosity, with roughly 90% market share in bitcoin (BTC) and ether (ETH) choices. The alternate additionally affords choose futures on cryptocurrencies.

David Dohmen, Deribit’s Chief Authorized, Compliance & Regulatory Officer mentioned the alternate thought-about a number of commerce surveillance techniques in anticipation of working beneath the Digital Property Regulatory Authority in Dubai and as Deribit appeared to increase into extra jurisdictions whereas sustaining the very best compliance requirements.

He articulated: “As soon as I joined Deribit and our seek for a surveillance vendor was underway, I used to be capable of share that Eventus’ customer support is great. I’ve checked out and labored with quite a lot of commerce surveillance techniques, together with Validus in two of my former roles since 2019. I used to be most impressed with the dedication and diligence of the Eventus group to constantly work with its shoppers to assist enhance how the system can meet our wants and resolve any points we encounter alongside the best way. They care about getting issues completed; it’s not simply concerning the numbers.”

Extra components in Deribit’s number of Eventus, Dohmen mentioned, have been the agency’s huge expertise with crypto asset exchanges and aggressive pricing, plus the purpose that Validus is intuitive and simple to make use of.

“We’re delighted to assist Deribit obtain heightened surveillance capabilities. Because the alternate continues to develop and increase its enterprise to new regulatory jurisdictions, our Validus platform gives the scalable, agile resolution the compliance group will want as its volumes improve and regulatory necessities grow to be extra complicated.”
– Eventus CEO, Travis Schwab