Skip to main content

Bitstamp to Deploy New Market Surveillance Tool to Fight Price Manipulation

Bitstamp to Deploy New Market Surveillance Tool to Fight Price Manipulation

The cryptocurrency market is a target of the same manipulation and abuse that the equity, commodity and forex markets have suffered for years, and exchanges that wish to protect their clients need ways to monitor trading activity. Bitstamp is now the latest exchange to implement such a tool.

Also Read: Chinese Startup Gets Crypto Custodial Services License in Hong Kong

Bitstamp to Deploy Irisium

Bitstamp to Deploy New Market Surveillance Tool to Fight Price ManipulationBitstamp has announced a partnership with Irisium to launch a market-monitoring platform on the exchange. Irisium, a subsidiary of Swedish stock-exchange technology developer Cinnober, is a market surveillance service provider for traditional exchanges, clearing houses, regulators and trading firms around the world.

“We are committed to crypto in the long term,” said Bitstamp CEO and co-founder Nejc Kodrič. “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 Market Surveillance Market

Bitstamp to Deploy New Market Surveillance Tool to Fight Price ManipulationIrisium, which is known to be used by other crypto exchanges such as Bitfinex, isn’t the only market surveillance company that is trying to expand from traditional markets into crypto. One of the biggest players in the institutional world, Nasdaq, is pushing hard for its Smarts surveillance platform to be adopted by digital asset exchanges.

Coincidentally, Nasdaq announced a plan to acquire Irisium’s parent company, Cinnober, for $190 million earlier this year. The deal is now under review by the Competition and Markets Authority, which is the U.K. antitrust regulator.

“Bitstamp’s proactive adoption of Irisium and close partnership with us demonstrates their desire to increase transparency, integrity and confidence in the cryptocurrency market,” said Alastair Goodwin, CEO of Irisium. “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.”

Does this makes you feel safer about trading on Bitstamp? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Bitstamp to Deploy New Market Surveillance Tool to Fight Price Manipulation appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2BEdWdf
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more