[ad_1]
European Cryptocurrency Exchange Bitstamp will incorporate a new platform to improve customer compliance and protection, according to a press release issued on 27 November.
Bitstamp has formed a partnership with the UK market monitoring company, Irisium Ltd., to improve the security and reliability of its market. The stock market will deploy the Irisium platform to monitor market activity and attract more institutional investors.
Commenting on this collaboration, Alastair Goodwin, CEO of Irisium Ltd, said the adoption of the Irisium platform will help "increase transparency, integrity and confidence in the cryptocurrency market," which will ultimately improve liquidity and the adoption of the market.
Founded in 2011, Bitstamp is believed to be the largest encryption exchange in terms of volume of transactions in the EU, supporting transactions in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), USD and euro.
Recently, the exchange was acquired by the Belgian investment company NXMH, which is in turn a subsidiary of the investment bank Barclays. The company is also a subsidiary of Korea-based media giant NXC Corp., which acquired a 65.19% stake in Korbit, a cryptographic company in South Korea, last year.
In August, Bitstamp and the Gemini, Bittrex and bitFlyer USA cryptography centers set up a self-regulatory organization called the Virtual Commodity Association's working group for digital products, such as cryptocurrencies. The organization aims to help large investors to become familiar with the cryptography market and to develop industry standards.
In May, the Chicago Mercantile Exchange (CME Group), in partnership with Crypto Facilities, based in the UK, launched the benchmark rate and real-time Ether-Dollar CME CF index to enable users 39; access a real-time ETH price denominated in US dollars. Both rates must be calculated by Crypto Facilities, based on transactions and order book activity from the Bitstamp and Kraken cryptographic exchanges.
[ad_2]
Source link
