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One of the largest European cryptocurrency exchanges, Bitstamp, will incorporate a new market monitoring platform to enhance compliance, security and improve its customer experience further.

Bitstamp announced its new partnership with Irisium, a leading analytics software company, which will help increase the market insight on Bitstamp's trading platform. Irisium's cutting edge all-in-one market monitoring will help Bitstamp's commitment to giving its users a secure and safe trading platform.

The CEO of Iridium, Alastair Goodwin, mentioned that the implementation of their platform in Bitstamp’s exchange would help the cryptocurrency exchange aim to improve its transparency and generate new customers.

The CEO and co-founder of Bitstamp, Nejc Kodrič, further commented: “Our desire is to provide a fair and orderly market which reflects accurate supply and demand.” Highlighting the need of effective market monitoring in the industry, he added: “We are cooperating closely with Irisium and will leverage their significant experience to provide a more robust and transparent trading venue for our customers.”

Irisium, a KRM22 company, specializes in providing market surveillance and analytics to capital market companies. The portfolio of services is developed thanks to highly sophisticated and flexible technologies combined with the knowledge of a team of market experts.  Irisium’s solutions help companies meet their surveillance obligations with confidence and get expert, insightful business intelligence.

Bitstamp, founded in 2011, is the largest European cryptocurrency exchange by trading volumes. It supports five cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP), as well as allowing its users to trade fiats, such as U.S. Dollars and Euro.

Bitstamp's vision is to overcome any issues between users and crypto through developing ways to deal with the cryptographic money space in general.

Bitstamp’s partnership comes after the recent exchange acquisition by Belgium-based NXMH, which is part of Barclays bank and Korean media giant NXC Corp. The South Korean media giant also bought 65.19% of Korbit, a south Korean crypto exchange.

In August, Bitstamp and crypto exchanges Gemini, Bittrex, and bitFlyer USA built up a self-administrative association named the Virtual Commodity Association Working Group for digital products, for example, cryptographic forms of money. The association means to help financial specialists get accustomed to the crypto market and work on detailing industry measures.

In May, the Chicago Mercantile Exchange (CME Group) in association with U.K.- based Crypto Facilities propelled the CME CF Ether-Dollar Reference Rate and Real-Time Index to give clients access to an ongoing ETH cost in U.S. dollars. The two rates are set to be determined by Crypto Facilities, and dependent on exchanges and order book activity from crypto exchanges Bitstamp and Kraken.

Cryptocurrency exchange Bitstamp crypto market monitoring Irisium

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