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      Leading cryptocurrency options exchange Deribit selects Eventus for trade surveillance platform

      Published: just now

      Leading cryptocurrency options exchange Deribit selects Eventus for trade surveillance platform
      Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchange by volume and open interest, with approximately 90% market share in Bitcoin and Ether options.

       

      January 24, 2023 - Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced that cryptocurrency derivatives exchange Deribit, which also offers select futures on cryptocurrencies, has selected the firm's Validus platform to provide market abuse monitoring on the exchange.
       

      Deribit Chief Legal, Compliance & Regulatory Officer David Dohmen said the exchange considered several trade surveillance systems in anticipation of operating under the Virtual Assets Regulatory Authority in Dubai and as Deribit looked to expand into additional jurisdictions while maintaining the highest compliance standards.

       

      Dohmen said: "Once I joined Deribit and our search for a surveillance vendor was underway, I was able to share that Eventus' customer service is excellent. I've looked at and worked with a variety of trade surveillance systems, including Validus in two of my former roles since 2019. I was most impressed with the dedication and diligence of the Eventus team to continuously work with its clients 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 the numbers."

       

      Additional factors in Deribit's selection of Eventus, Dohmen said, were the firm's experience with digital asset exchanges and pricing. Deribit will begin using Validus this quarter.


      Eventus CEO Travis Schwab said: "We're delighted to help Deribit achieve heightened surveillance capabilities. As the exchange continues to grow and expand its business to new regulatory jurisdictions, our Validus platform provides the scalable, agile solution the compliance team will need as its volumes increase and regulatory requirements become more complex."

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      #Deribit#Eventus#ValidusPlatform#TraideSurveillance#CryptoderivativesExchange#MarketAbuseMonitoring#ComplianceRegtech

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