Bitstamp rolls out tech to spot market manipulation

posted 5 months ago
Bitstamp, one of the oldest cryptocurrency exchanges, is upgrading its tech arsenal in a bid to attract institutional investors The exchange is implementing the Irisium Surveillance platform to monitor for suspicious activity and market manipulation. Bitstamp’s CEO and founder Nejc Kodric said “Our desire is to guarantee a fair and orderly market which reflects genuine supply and demand. Exploring new frontiers in preventing market manipulation is essential for the industry to mature.”

Alastair Goodwin, CEO of Irisium, said of the integration “Bitstamp’s pro-active adoption of Irisium and close partnership with us demonstrates their desire to increase transparency, integrity and confidence in the cryptocurrency market. … Enhanced customer protection and market integrity will help drive adoption and market liquidity.”
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