Bitstamp Integrates Irisium’s Platform to Spot Market Manipulation

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Total News – Atlanta, GA 11/28/2018. Luxembourg-based Bitstamp will utilize a monitoring platform to spot suspicious activities. The exchange has partnered with Irisium Ltd, a market surveillance firm, to improve reliability of its marketplace.

Nejc Kodrič, CEO and founder of Bitstamp commented

"We are committed to crypto in the long-term. 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."

The exchange noted that it "already placed an emphasis on customer protection through KYC/AML procedures, advanced security software and protocols.​"

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."

 In August, Bitstamp and other crypto exchanges established a self-regulatory body known as the Virtual Commodity Association Working Group for cryptocurrencies. The purpose of the group was to attract institutional investors to the digital currency market.

Bitstamp is one of the four exchanges that provide pricing data for the Chicago Mercantile Exchange's (CME) crypto indices.

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