Eventus, a supplier of multi-asset class commerce surveillance and market danger options, introduced at the moment that cryptocurrency derivatives trade Deribit has chosen the agency’s Validus platform to supply market abuse monitoring on the trade.
Headquartered in Panama Metropolis, Panama, Deribit is among the largest cryptocurrency choices exchanges by quantity and open curiosity, with roughly 90% market share in bitcoin (BTC) and ether (ETH) choices. The trade additionally gives choose futures on cryptocurrencies.
David Dohmen, Deribit’s Chief Authorized, Compliance & Regulatory Officer stated the trade thought-about a number of commerce surveillance methods in anticipation of working beneath the Digital Belongings Regulatory Authority in Dubai and as Deribit seemed to broaden 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 in a position to share that Eventus’ customer support is superb. I’ve checked out and labored with quite a lot 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 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 achieved; it’s not simply in regards to the numbers.”
Extra elements in Deribit’s collection 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 trade continues to develop and broaden 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 develop into extra advanced.”
– Eventus CEO, Travis Schwab