Eventus, a supplier of multi-asset class commerce surveillance and market danger options, introduced at present 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 without doubt 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 mentioned the alternate thought-about a number of commerce surveillance techniques in anticipation of working underneath the Digital Property Regulatory Authority in Dubai and as Deribit seemed to increase into further 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 capable of share that Eventus’ customer support is superb. I’ve checked out and labored with a wide range 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 finished; it’s not simply in regards to the numbers.”
Extra components in Deribit’s collection of Eventus, Dohmen mentioned, had 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 increase its enterprise to new regulatory jurisdictions, our Validus platform supplies the scalable, agile answer the compliance group will want as its volumes improve and regulatory necessities turn out to be extra advanced.”
– Eventus CEO, Travis Schwab