Gemini Trust Company (Gemini), a cryptocurrency exchange and custodian, has selected Eventus Systems’ Validus platform for the exchange’s new trade surveillance solution. The signing marks the sixth major exchange in the digital asset space to turn to Eventus for trade surveillance.
Gemini has adopted the cloud-based version of Validus on a T+1 basis for market surveillance that identifies a wide range of potential market manipulation behaviors.
Gemini Chief Operating Officer Noah Perlman says: “The digital asset space is a constantly changing environment, and working with a solution that is tailored for our market needs, including built-in flexibility as the landscape evolves, is critical. Eventus has a great track record, and its solution combines strong machine-learning and automation capabilities alongside a high-touch support model.”
“Eventus CEO Travis Schwab says: “We are thrilled to provide our trade surveillance platform for one of the most established cryptocurrency exchanges on the market. In the past two years, we have significantly enhanced our capabilities in the digital asset place as more exchanges and market participants turn to us for our expertise in the area. As digital assets grow in popularity, it’s more important than ever that marketplaces like Gemini establish comprehensive trade surveillance programs and procedures to ensure they remain constantly vigilant to address any potential threats of market abuse.”
