Leading Cryptocurrency Options Exchange Deribit Selects Eventus for Trade Watch Platform
Eventus, a leading global provider of multi-asset trading and market risk surveillance solutions, today announced that cryptocurrency derivatives exchange Deribit has selected the firm’s Validus platform to provide market abuse monitoring on the exchange.
Headquartered in Panama City, Panama, Deribit is the world’s largest cryptocurrency options exchange by volume and open interest, with approximately 90% of the Bitcoin and Ethereum options market share. The exchange also offers select futures for cryptocurrencies.
Deribit’s Director of Legal, Compliance and Regulation, David Domaine, said the exchange had reviewed several trade surveillance systems in anticipation of operating under the Dubai Virtual Assets Regulatory Authority and as Deribit sought to expand into additional jurisdictions while maintaining the highest standards. compliance.
He said: “When I joined Deribit and our search for a CCTV supplier had already begun, I was able to share Eventus’ excellent customer service. I have studied and worked with various trade surveillance systems including Validus in my two previous positions since 2019. the system can meet our needs and solve any problems we encounter along the way. They make sure everything gets done; It’s not just about the numbers.”
Additional factors in choosing Deribit Eventus were the firm’s extensive experience in digital asset exchanges and competitive pricing, as well as the fact that Validus is intuitive and easy to use, Domen said. Deribit will start using Validus this quarter.
Eventus CEO Travis Schwab said: “We are excited to help Deribit expand its surveillance capabilities. As the exchange continues to grow and expand its business into new regulatory jurisdictions, our Validus platform provides the scalable and flexible solution that the compliance team will need as their volumes grow and regulatory requirements become more complex.”
Leading cryptocurrency options exchange Deribit chooses Eventus for its trading surveillance platform, first appearing on Fintech Finance.
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