CoinRoutes, an institutional trading platform of cryptocurrency, acquired Qis Risk, a portfolio and risk management supplier for digital asset managers, the company announced on Tuesday in a press release.
The value of the agreement was $ 5 million in cash and shares, and brings together algorithmic execution technology with the surveillance of the portfolio and the risk analysis of QIS Risk.
CoinRoutes currently provides connectivity to more than 50 exchanges and more than 3,000 digital assets, while QIS risk fits more than 70 commercial sources to provide real -time monitoring and analysis.
The combined platform will offer an execution of institutions through centralized (CEX) and decentralized (DEX) exchanges, the portfolio in real time and the monitoring of profits and losses, stress tests and counterpart risks, and the capture of the trade in Denial and Sale Options (OTC). It will also extend to decentralized finance (DEFI), with monitoring for stimulum and chain derivatives.
As part of the transaction, Fred Cox, the founder of Risk, will join CoinRoutes as director of global technology, with a mandate to supervise technological operations and extend the European presence of the company.
“Digital assets have reached an inflection point where institutions need a business quality infrastructure throughout the life cycle of investments,” Cox said in the press release.
By combining CoinRoutes execution technology with QIS Risk analysis, the company can now provide a more complete solution to institutional investors, according to the co-founder and CEO of CoinRoutes, Ian Weisberger.
The agreement comes as the institutional adoption of cryptocurrency commercial infrastructure continues to accelerate. Since its foundation seven years ago by Weisberger and Michael Holstein, CoinRoutes has treated more than $ 500 billion in trades executed.
The company’s execution management system is designed to allow customers to keep control of their portfolios and their private keys while accessing liquidity in several negotiation sites, an approach that calls for institutions seeking to minimize counterparty risks.
