Eventus, a supplier of multi-asset class commerce surveillance and market danger options, introduced in the present day that cryptocurrency derivatives trade Deribit has chosen the agency’s Validus platform to offer 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 of a number of commerce surveillance methods in anticipation of working beneath the Digital Belongings Regulatory Authority in Dubai and as Deribit appeared to broaden 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 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 achieved; it’s not simply in regards to the numbers.”
Extra components 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 simple 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 supplies 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
