Eventus, a supplier of multi-asset class commerce surveillance and market threat options, introduced right now that cryptocurrency derivatives exchange Deribit has chosen the agency’s Validus platform to supply market abuse monitoring on the trade.
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 trade additionally presents choose futures on cryptocurrencies.
David Dohmen, Deribit’s Chief Authorized, Compliance & Regulatory Officer mentioned the trade thought of a number of commerce surveillance methods in anticipation of working beneath the Digital Belongings Regulatory Authority in Dubai and as Deribit appeared to increase 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 capable of share that Eventus’ customer support is great. 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 crew to constantly work with its purchasers 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 performed; it’s not simply concerning the numbers.”
Further components in Deribit’s collection of Eventus, Dohmen mentioned, have been the agency’s intensive expertise with digital asset exchanges and aggressive pricing, together with the truth that Validus is intuitive and straightforward to make use of. Deribit will start utilizing Validus this quarter.
“We’re delighted to assist Deribit obtain heightened surveillance capabilities. Because the trade continues to develop and increase its enterprise to new regulatory jurisdictions, our Validus platform supplies the scalable, agile resolution the compliance crew will want as its volumes improve and regulatory necessities change into extra complicated.”
– Eventus CEO, Travis Schwab
