One of the first crypto exchanges, Bitstamp announced the introduction of a platform from Irisium to track suspicious activity and market manipulations.
As noted in the exchange's blog, Irisium is a provider of software for monitoring and analyzing the market, which is used by exchanges, regulators and other participants in the financial market. One of Irisium's investors is Cinnober, an infrastructure solutions provider, with whom Bitstamp recently entered into a partnership to integrate a more efficient matching engine.
Bitstamp representatives explained:
“Our goal is to enhance customer protection and market integrity at Bitstamp, which we believe are crucial pursuits as the crypto industry continues to grow and evolve."
Irisium solutions are used by quite well-known companies to detect suspicious activity in the market, including the Singapore Pacific Derivatives Exchange Asia Pacific Exchange Pte Ltd (APEX).
Recall that in October, the Belgian investment company NXMH acquired Bitstamp.
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