Irisum and Bitstamp, the largest cryptocurrency exchange by trading volume in Europe, announced a partnership to implement a monitoring platform. Bitstamp is the first crypto exchange with a payment institution license in the EU and is among the four cryptocurrency exchanges that have provided pricing data for the Chicago Mercantile Exchange’s (CME) cryptocurrency indices since 2016.
“We are committed to crypto in the long-term,” said CEO and founder Nejc Kodrič in a statement. “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.”
Irisium provides market monitoring and analytics software for exchanges, regulators, buy-side and sell-side firms. Alastair Goodwin, CEO of Irisium, said in a statement that enhanced customer protection and market integrity will help drive adoption and market liquidity. Ensuring that market data is both legitimate and transparent is an important step in crypto’s maturation, as it will make the industry a better fit for traditional investors and institutions, the statement noted.