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 alternate Deribit has chosen the agency’s Validus platform to supply market abuse monitoring on the alternate.

Headquartered in Panama Metropolis, 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 gives choose futures on cryptocurrencies.

David Dohmen, Deribit’s Chief Authorized, Compliance & Regulatory Officer stated the alternate thought-about a number of commerce surveillance methods in anticipation of working below the Digital Belongings Regulatory Authority in Dubai and as Deribit seemed to develop into extra jurisdictions whereas sustaining the best compliance requirements.

He articulated: “As soon as I joined Deribit and our seek for a surveillance vendor was underway, I used to be in a position to share that Eventus’ customer support is superb. I’ve checked out and labored with a wide range of commerce surveillance methods, 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 repeatedly work with its shoppers to assist enhance how the system can meet our wants and resolve any points we encounter alongside the way in which. They care about getting issues completed; it’s not simply concerning the numbers.”

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

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