New Market Surveillance Tool to Fight Price Manipulation
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New Market Surveillance Tool to Fight Price Manipulation

THELOGICALINDIAN - The cryptocurrency bazaar is a ambition of the samemanipulation and corruption that the disinterestedness article and forex markets accept suffered for years and exchanges that ambition to assure their audience charge means to adviser trading action Bitstamp is now the latest barter to apparatus such a tool

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

Bitstamp to Deploy Irisium

Bitstamp to Deploy New Bazaar Surveillance Tool to Fight Price ManipulationBitstamp has appear a affiliation with Irisium to barrage a market-monitoring belvedere on the exchange. Irisium, a accessory of Swedish stock-exchange technology developer Cinnober, is a bazaar surveillance account provider for acceptable exchanges, allowance houses, regulators and trading firms about the world.

“We are committed to crypto in the continued term,” said Bitstamp CEO and co-founder Nejc Kodrič. “Our admiration is to accommodate a fair and alike bazaar which reflects authentic accumulation and demand. In adjustment for the industry to mature, able bazaar ecology is crucial. We are allied carefully with Irisium and will advantage their cogent acquaintance to accommodate a added able-bodied and cellophane trading area for our customers.”

The Market Surveillance Market

Bitstamp to Deploy New Bazaar Surveillance Tool to Fight Price ManipulationIrisium, which is accepted to be acclimated by added crypto exchanges such as Bitfinex, isn’t the alone bazaar surveillance aggregation that is aggravating to aggrandize from acceptable markets into crypto. One of the better players in the institutional world, Nasdaq, is blame adamantine for its Smarts surveillance belvedere to be adopted by agenda asset exchanges.

Coincidentally, Nasdaq announced a plan to access Irisium’s ancestor company, Cinnober, for $190 actor beforehand this year. The accord is now beneath analysis by the Competition and Markets Authority, which is the U.K. antitrust regulator.

“Bitstamp’s proactive acceptance of Irisium and abutting affiliation with us demonstrates their admiration to access transparency, candor and aplomb in the cryptocurrency market,” said Alastair Goodwin, CEO of Irisium. “Integrating Irisium’s avant-garde technology into Bitstamp’s belvedere will abutment adjustable and able operations. Enhanced chump aegis and bazaar candor will advice drive acceptance and bazaar liquidity.”

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

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