Eventus, a provider of multi-asset class trade monitoring and market risk solutions, today announced that cryptocurrency derivatives exchange Deribit has chosen the company’s Validus platform to provide monitoring market abuse on the stock exchange.
Based in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with around 90% market share in bitcoin (BTC) and ether (ETH) options. . The exchange also offers selected cryptocurrency futures.
David Dohmen, Deribit’s chief legal, compliance and regulatory officer, said the exchange had considered several trading surveillance systems in anticipation of operating under the Virtual Assets Regulatory Authority in Dubai and that Deribit was looking to expand into other areas. other jurisdictions while maintaining the highest compliance standards.
He explained, “Once I joined Deribit and our search for a monitoring provider was underway, I could say that Eventus customer service is excellent. I have reviewed and worked with a variety of commercial surveillance systems, including Validus in two of my former roles since 2019. I have been very impressed with the dedication and diligence of the Eventus team to work continuously with its customers to help improve how the system can meet our needs and resolve any issues we encounter along the way. They care about getting things done; it’s not just about numbers.
Additional factors in Deribit’s selection of Eventus, Dohmen said, were the company’s extensive experience with crypto asset exchanges and competitive pricing, as well as the fact that Validus is intuitive and easy to use. .
“We are excited to help Deribit achieve increased monitoring capabilities. As the exchange continues to grow and expand into new regulatory jurisdictions, our Validus platform provides the scalable and agile solution the compliance team will need as its volumes increase and regulatory requirements become more complex. .
– Eventus CEO Travis Schwab