Eventus, a supplier of multi-asset class commerce surveillance and market danger options, introduced right this moment 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 presents choose futures on cryptocurrencies.

David Dohmen, Deribit’s Chief Authorized, Compliance & Regulatory Officer stated the trade thought-about a number of commerce surveillance programs in anticipation of working underneath the Digital Property Regulatory Authority in Dubai and as Deribit appeared to broaden into further jurisdictions whereas sustaining the very 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 programs, 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 workforce to repeatedly work with its purchasers 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 elements in Deribit’s choice 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 straightforward 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 offers the scalable, agile answer the compliance workforce will want as its volumes enhance and regulatory necessities turn into extra complicated.”
– Eventus CEO, Travis Schwab