Europe's largest crypto platform Bitstamp and Irisium Ltd, a leading provider of market monitoring and analytics software for exchanges, regulators and trading firms, have announced a partnership. Monitoring from Irisium will now work on the Bitstamp exchange.
Yesterday, the exchange announced the modernization of its technical arsenal and the introduction of the Irisium Surveillance platform to monitor suspicious activity and market manipulation. Thanks to Bitstamp's partnership with infrastructure solutions provider Cinnober, the crypto exchange will now use a tool designed to detect suspicious activity and used by fairly successful and well-known companies. However, the monitoring tools offered by Irisium comply with all European regulatory requirements.
Bitstamp has been a pioneer in the field of crypto security and regulation since its inception in 2011. The exchange focuses on protecting customers through KYC/AML procedures, advanced software, and security protocols. Its positive stance towards self-regulation allowed it to become the first crypto exchange with a payment institution license in the EU.
It is one of four crypto platforms that have provided price data for the Chicago Mercantile Exchange (CME) crypto indices since 2016.
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