Deribit Deploys Eventus for Surveillance
Posted by Colin Lambert. Last updated: January 25, 2023
Crypto exchange Deribit has selected Eventus’ Validus platform to provide market abuse monitoring on the Panama-based exchange, which offers crypto options and selected futures.
Deribit will make the deployment in Q1 2023 in anticipation, the firm says, of operating under the Virtual Assets Regulatory Authority in Dubai. It is also looking to expand into additional jurisdictions and wants compliance standards, it adds.
“Once I joined Deribit and our search for a surveillance vendor was underway, I was able to share that Eventus’ customer service is excellent,” says David Dohmen, chief legal, compliance and regulatory officer at Deribit. “I’ve looked at and worked with a variety of trade surveillance systems, including Validus in two of my former roles since 2019.”
Eventus CEO Travis Schwab, adds, “As [Deribit] continues to grow and expand its business to new regulatory jurisdictions, our Validus platform provides the scalable, agile solution the compliance team will need as its volumes increase and regulatory requirements become more complex.”