NEW YORK , Nov. 27, 2018 (GLOBE NEWSWIRE) -- 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.
About Irisium
Irisium provides market surveillance and analytics to Capital Markets firms. The services have been developed by a team of market experts and are underpinned by highly sophisticated, yet flexible technologies. With Irisium, firms can meet their surveillance obligations with confidence and at the same time gain insightful business intelligence. Irisium is a KRM22 company. For more information, please visit www.irisium.com
About Bitstamp
Founded in 2011, Bitstamp is a leading global cryptocurrency 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. With its focus on prudence and oversight, Bitstamp is uniquely positioned to serve as a stepping stone between the traditional financial and cryptocurrency worlds. Safe, simple and secure to use, Bitstamp always puts its customers first, which is why it gets the stamp of approval from over 3 million traders throughout the world. For more information about how Bitstamp supports the exchange of currencies, information, ideas and trust, visit www.bitstamp.net.
For further information or discussion specific to Irisium, please contact:
Carla Leighton,
Marketing Manager via Greentarget
krm22@greentarget.com
For further information or discussion specific to Bitstamp , please contact:
Kaja Ribnikar
Head of Marketing and Communications
kaja.ribnikar@bitstamp.net
Brianna Hayes
Uproar PR for Bistamp
bhayes@uproarpr.com