European cryptocurrency exchange Bitstamp integrate a new platform intended to protect clients and strict adherence to regulatory requirements.
Exchange Bitstamp teamed with the British company Irisium Ltd, which is engaged in market surveillance, for the sake of increasing the security and reliability of their market. Due to this, the exchange plans to attract more institutional investors.
Alastair Goodwin, CEO of Irisium Ltd, said:
"The implementation of our solution will help Bitstamp to increase the level of transparency, integrity and reliability of the cryptocurrency market, the result will have a positive impact on its liquidity".
Founded in 2011, Bitstamp is one of the biggest cryptocurrency trading platforms in the European market. It supporting trading for Bitcoin, Bitcoin, Cash, Litecoin, Ethereum and Ripple, as well as U.S. dollars and euro.
Recently, the exchange was acquired by the Belgian investment company NXMH, which, in turn, belongs to the South Korean media giant NXC Corp. Last year the corporation acquired 65,19% of the shares of the South Korean cryptocurrency exchange Korbit.
In August of this year, Bitstamp along with crypto exchanges Gemini, Bittrex, and BitFlyer USA has created a self-regulatory organization called The Virtual Commodity Association Working Group for digital commodities and cryptocurrencies. The purpose of the organization is the formation of industry standards and create a more comfortable working space for large investors.
In may, the Chicago Mercantile Exchange (CME Group) in collaboration with the British platform Crypto Facilities has launched a project CME CF Ether-Dollar Reference Rate & Real Time Index to provide users access to a real-time ETH price in U.S. dollars. The main sources of this information are the transaction and order book activity from exchanges Kraken and Bitstamp.