Bitstamp and Cboe are uniting in an effort to “elevate” crypto integrity.
The firms are pleased to share an exciting development at Bitstamp: They’ve established a Surveillance Sharing Agreement (SSA) with Cboe.
By working with Cboe‘s BZX Exchange, Bitstamp says that it is “continuing crypto’s journey towards mainstream acceptance.”
Simply put, this agreement is “a commitment to monitor and share trading data. It’s crucial to help prevent market manipulation and enhance fairness and transparency in trading for everyone.”
This, in turn, could significantly bolster “the integrity and reliability of the crypto markets.”
A testament to trust and transparency
The SSA relies on their robust market and surveillance capabilities and “serves as a recognition of Bitstamp’s trusted status in the market.”
The firms claim that they believe in “the transformative potential of cryptocurrencies and their ability to revolutionize the financial landscape. By collaborating with Cboe, they’re helping pave the way to bring more stability, legitimacy, and accessibility to the crypto market.”
They’re pleased to be at the forefront of crypto possibilities with their clients.
As covered last year, Bitstamp reported that it has secured registration as a cryptoasset service provider by the UK Financial Conduct Authority.
Bitstamp claims 52 licenses (as of mid-2022) and registrations secured with financial regulators across the globe.
Firms carrying out specific cryptoasset activities in the UK must comply with the amended Money Laundering, Terrorist Financing, and Transfer of Funds Regulations and register with the FCA.
Bitstamp states that it is the first crypto exchange to be registered by the FCA since the UK Treasury set out a consultation in February 2023 to strengthen regulation of cryptoasset activities.
In Europe, Bitstamp has received VASP [virtual asset service provider] licenses in three markets in the region: Italy, Spain, and France.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, said they are proud to be one of the few crypto exchanges recognized by the FC.
“Since 2011 we have been in a strong regulatory and trusted position and have built our business around offering safety and security to all our customers. This latest registration in the UK supports our mission to be the most compliant, secure, and transparent crypto exchange for both individuals and businesses.”
