Bitstamp, a Luxembourg based crypto exchanged, announced on Tuesday it has formed a partnership with Irisium, a provider of market monitoring and analytics software for exchanges, regulators, buy-side and sell-side firms.
The currency platform reported it will use Irisium’s holistic monitoring platform to gain further insights into market activity. The platform also noted that its goal is to enhance customer protection and market integrity at Bitstamp, which it believes are crucial pursuits as the crypto industry continues to grow and evolve. Speaking about the partnership, CEO and founder of Bitstamp, Nejc Kodrič, stated:
“We are committed to crypto in the long-term. Our desire is to provide a fair and orderly market which reflects accurate supply and demand. In order for the industry to mature, effective market monitoring is crucial. We are cooperating closely with Irisium and will leverage their significant experience to provide a more robust and transparent trading venue for our customers.”
Bitstamp then noted it is already placed an emphasis on customer protection through KYC/AML procedures, advanced security software, and protocols. The platform then added:
“Now, our efforts will get a boost from Irisium’s state of the art technology.”