Gemini picks Eventus Systems for trade surveillance
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has selected the Validus platform from trade surveillance firm Eventus Systems.
Gemini has adopted the cloud-based version of Validus. It will operate on a T+1 basis, aiming to assess trades no later than a day after they happen.
“The digital asset space is a constantly changing environment,” says Noah Perlman, Gemini chief operating officer.
“Working with a solution that is tailored for our market needs, including built-in flexibility as the landscape evolves, is critical.”
Founded in 2014, Gemini was the world’s first licensed exchange for the cryptocurrency ether and Zcash.
Late last year the exchange hired Starling Bank co-founder Julian Sawyer to lead its European operations.
In May 2020 it became one of the first two bitcoin exchanges to be served by JP Morgan as banking clients.
Gemini is the sixth company in the digital assets and cryptocurrency space to pick Eventus.
“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,” says Eventus CEO Travis Schwab.
“As digital assets grow in popularity, it’s more important than ever that marketplaces like Gemini establish comprehensive trade surveillance programs.”