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Institutional-grade crypto trading platform CoinRoutes, which provides execution access to more than 50 exchanges and liquidity venues covering over 3,000 assets, has acquired QIS Risk, the award-winning institutional portfolio and risk monitoring platform. The deal establishes what CoinRoutes says is the digital asset industry’s first complete end-to-end solution for institutional clients, integrating execution, monitoring, and risk management into one platform.
CoinRoutes, founded by Ian Weisberger and Michael Holstein, is best known for its patented distributed execution architecture, which allows clients to retain full control of wallets and keys while benefiting from advanced order routing, algorithmic execution, and transaction cost analysis. The company has executed more than half a trillion dollars in digital asset trades since launch and has become a key partner for hedge funds, principal brokerages, and proprietary trading firms seeking market-leading execution efficiency.
QIS Risk, founded by Fred Cox, provides institutional-grade portfolio analytics and risk management solutions for digital asset managers. Its platform connects to over 70 trading sources — both on-chain and off-chain — to track performance, exposure, and counterparty risk across crypto and traditional investments in real time. The company was named Risk Management Solution of the Year in both 2024 and 2025 by HedgeWeek’s Global Digital Assets Awards.
Ian Weisberger, CEO and Co-Founder, CoinRoutes
“This acquisition represents a seismic advantage for our customers,” said Ian Weisberger, CEO and Co-Founder of CoinRoutes. “For seven years, we’ve been the execution engine of choice for sophisticated traders who demand the absolute best possible performance. Now we’re delivering the complete institutional experience – from market-leading algorithmic execution to comprehensive risk management and portfolio monitoring. We’re not just competing anymore; we’re redefining the landscape.”
The integration of QIS Risk extends CoinRoutes’ offering beyond execution into full lifecycle trading operations. The combined platform will feature:
Execution Leadership: Distributed market access to over 50 exchanges and 3,000+ assets via CoinRoutes’ patented low-latency algorithms.
Comprehensive Risk Management: QIS Risk’s real-time P&L tracking, stress testing, and counterparty analysis across 70+ data sources.
Options Analytics: Standardised position marks, greeks, and simulated stress tests for Deribit and OTC portfolios.
DeFi Coverage: On-chain tracking for staking, swaps, and perpetual derivatives, consolidating reporting for both centralised and decentralised holdings.
Full Lifecycle Workflow: Seamless integration from execution to settlement, reporting, and risk monitoring.
Global 24/7 Support: Operational coverage from CoinRoutes’ offices in Miami, New York, Dubai, Singapore, and London.
Fred Cox, Founder, QIS Risk
“Digital assets have reached an inflection point where institutions require enterprise-grade infrastructure across the entire investment lifecycle,” said Fred Cox, Founder of QIS Risk and incoming Global Chief Technology Officer at CoinRoutes. “CoinRoutes represents the perfect partner to scale our vision. Together, we’re delivering a more complete solution that meets institutions exactly where they are in their digital asset journey.”
Leadership And Global Expansion
As part of the acquisition, Fred Cox joins the CoinRoutes leadership team as Global CTO, strengthening its European presence and enhancing its institutional risk capabilities. The expanded team now operates across five global financial hubs, offering 24-hour client support and a consolidated technology stack designed for the evolving demands of digital asset institutions.
“We’re building the platform that the next generation of digital asset institutions will run on,” added Weisberger. “This is just the beginning – expect more strategic moves as we continue expanding our comprehensive platform capabilities.”
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