Bitvavo Adopts Nasdaq Market Surveillance to Enhance Integrity of its Digital Asset Exchange

Bitvavo will use Nasdaq Market Surveillance to detect and investigate suspected market abuse

Enhanced capability marks a major milestone in the development of the Bitvavo platform

Supports early compliance with market surveillance requirements under the EU’s incoming Markets in Crypto Assets Regulation (MiCA)

AMSTERDAM and LONDON, July 31, 2024 (GLOBE NEWSWIRE) -- Bitvavo, the largest cryptocurrency Euro spot exchange globally, and Nasdaq (Nasdaq: NDAQ) today announced an agreement that will see the digital asset exchange use Nasdaq’s Market Surveillance technology across its platform. With this agreement, Bitvavo is seeking to further enhance the trust, transparency, and integrity of its marketplace by enabling its compliance framework to keep pace with the rapid growth and development of the business.

Bitvavo, established in 2018 in Amsterdam, is a leading European cryptocurrency trading exchange with over 1.5 million users and seeks to offer a comprehensive and user-friendly platform where users can buy, sell, and store over 300 digital assets at competitive trading fees. Bitvavo is registered with the Central Bank of the Netherlands (DNB).

The functionality will enable Bitvavo to further enhance detection of market abuse through detailed trading insights and visualizations, replay its order book with a consolidated audit trail across asset classes, and interrogate suspicious activity through a wide range of alerts. The scalable platform will also optimize Bitvavo’s case workflow through the Nasdaq Market Surveillance event analysis and processing framework, and produce granular reports to share with regulators.

Jeetan Patel, Chief Risk Officer at Bitvavo, said: “Bitvavo recognizes the critical importance of robust market surveillance and is thrilled to collaborate with Nasdaq, the industry leader in this domain. Partnering with Nasdaq allows us to leverage their proven expertise to effectively detect, monitor, and mitigate market abuse risks, enhance operational efficiency, and provide a more secure and stable trading environment for our clients. As Bitvavo continues to innovate and lead in the cryptocurrency exchange industry, our commitment to security, trust, and stability remains paramount. We look forward to supporting the success of the digital asset ecosystem as we grow and expand across Europe.”

Supports early compliance with the EU’s Markets in Crypto-Assets Regulation

The Markets in Crypto-Assets Regulation (MiCA) institutes uniform EU market rules for digital assets, regulating large parts of the industry not covered by existing financial services legislation. The new legal framework is intended to support digital asset market integrity and financial stability by regulating trading of crypto-assets and by ensuring consumers are better protected and informed about their associated risks. It also places strict rules and requirements on digital asset exchanges to ensure they can adequately detect and report potential market abuse, similar to rules already in place for traditional asset classes.

Tony Sio, Head of Regulatory Strategy and Innovation at Nasdaq, said: “Our market surveillance technology can play a powerful role enhancing the integrity of digital asset exchanges, helping to deliver many of the objectives of the incoming MiCA regulation. The digital asset market faces significant challenges as it looks to match the level of investor protection and market confidence of traditional markets. Nasdaq’s industrial grade technology simplifies the complex challenges associated with regulatory compliance and we welcome the opportunity to partner with Bitvavo to support the development of its marketplace.”

Nasdaq Market Surveillance is the most widely used market surveillance technology globally, serving over 45 exchanges and 15 international regulators, helping to maintain integrity of marketplaces around the world. With over 30 years of expertise detecting market abuse, Nasdaq’s robust surveillance platform includes advanced market monitoring analytics to help promote fair, transparent, and safe markets.

About Bitvavo

Bitvavo is a leading European cryptocurrency trading exchange and the largest EUR spot exchange globally. The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Over 1.5 million European users value Bitvavo for its comprehensive and user-friendly platform, where users can buy, sell, and store over 300 digital assets at competitive trading fees. We are making digital assets accessible to everyone by offering transparent fees, a wide range of assets and an easy-to-use platform. Bitvavo is registered with the Central Bank of the Netherlands (DNB). To find out more, visit www.bitvavo.com.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

Nasdaq Contact:

Andrew Hughes
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com

Bitvavo Contact:

Customers - support@bitvavo.com

Corporate customers - corporate@bitvavo.com

Press - press@bitvavo.com

Disclaimers

©2024 Nasdaq, Inc. The Nasdaq logo and the Nasdaq ‘ribbon’ logo are the registered and unregistered trademarks, or service marks, of Nasdaq, Inc. in the U.S. and other countries. All rights reserved. This communication and the content found by following any link herein are being provided to you by Nasdaq, Inc. and/or certain of its subsidiaries (collectively, “Nasdaq”), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. At the time of publication, the information herein was believed to be accurate, however, such information is subject to change without notice. Nothing herein shall constitute a recommendation, solicitation, invitation, inducement, promotion, or offer for the purchase or sale of any investment product, nor shall this material be construed in any way as investment, legal, or tax advice, or as a recommendation, reference, or endorsement by Nasdaq.

Cautionary Note Regarding Forward-Looking Statements:

Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will” and “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related the benefits of Nasdaq’s Market Surveillance technology solution. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

-NDAQG-


Bitvavo Adopts Nasdaq Market Surveillance to Enhance Integrity of its Digital Asset Exchange

THỦ THUẬT HAY

Hướng dẫn chụp ảnh sản phẩm đẹp bằng điện thoại

Shopping online ngày càng phát triển dẫn đến nhu cầu đầu tư cho hình ảnh sản phẩm để thu hút khách hàng cũng tăng lên. Tuy nhiên, để có một hình ảnh sản phẩm đẹp bạn không cần phải bỏ một núi tiền để đầu tư chiếc máy

Mua laptop Alien hay build PC để dựng video + After Effect?

Qua tìm hiểu thì cũng ngắm được vài em Alien trong tầm chi trả, nhưng cũng có vài anh em chia sẻ là nên dựng PC ở nhà.

Hướng dẫn cách ghép ảnh sổ tay âm nhạc cực kỳ ấn tượng

Ephoto360 là ứng dụng tạo hiệu ứng ảnh, công cụ biên tập ảnh phát triển bởi YoGroup. Được thiết kế với giao diện đơn giản và trang bị nhiều tình năng hấp như ghép ảnh vào khung, thêm sticker cho ảnh, chỉnh sửa ảnh viết

Những điều cần làm trước khi update iOS 11 và macOS 10.13

Vào 12 giờ đêm nay, Apple sẽ tổ chức sự kiện WWDC 2017 giới thiệu iOS 11 và macOS 10.13. Và ngay bây giờ anh/em iFan chúng ta cần chuẩn bị những...

Điện thoại 3G có dùng được sim 4G không?

Các nhà mạng cũng đã triển khai dịch vụ đổi từ sim thường sang kit 4G với thiết kế 3 in 1 hoàn toàn miễn phí, và bạn có thể đến các trung tâm gần nhất để yêu cầu việc đổi sim mới.

ĐÁNH GIÁ NHANH

Mở hộp và trải nghiệm nhanh camera Nokia 7 Plus: Rất ấn tượng

Toàn màn hình là xu hướng thiết kế của điện thoại thông minh trong năm 2017. Đại đa số các nhà sản xuất đã chuyển đổi một phần các sản phẩm chủ chốt của mình theo xu hướng này. Ở MWC 2018, HMD Global cũng không chịu

Trên tay Nokia 8: nhiều cảm xúc và trải nghiệm sử dụng rất tốt

Chỉ mới cầm Nokia 8 được ít lâu, bài đánh giá nhanh của @vyvy1908 cũng mới xuất hiện gần đây, nhưng mình không thể không chia sẻ với anh em những cảm xúc của mình khi sử dụng Nokia 8.

So sánh iPhone 13 mini và iPhone 13: Đâu là mẫu điện thoại phù hợp với bạn?

iPhone 13 mini và iPhone 13 sở hữu nhiều ưu điểm giống nhau, nhất là mức giá phải chăng thì đâu mới là thiết bị phù hợp với bạn, tham khảo bên dưới nhé!