Coinroutes captures QIS risk for $ 5M to boost institutional crypto trading tools
Coinroutes, a platform of institutional cryptocurrency platform, gained Qis Risk, a portfolio and risk management for digital asset managers, the company said in a press release Tuesday.
The cost of dealing is $ 5 million in cash and stock, and combines -integrates the coinroutes algorithm technology with a portfolio and risk analytics portfolio tracking.
Coinroutes currently provide connection to more than 50 exchanges and more than 3,000 digital assets, while QIS’s risk includes more than 70 trade sources to deliver monitoring and real-time examination.
The combined platform will offer the implementation of institutions throughout Centralized (CEX) and Decentralized exchange . It will also expand to Decentralized Finance (DEFI), with tracking for staking and on-chain derivatives.
As part of the transaction, the founder of QIS risk Fred Cox will be joining coinroutes as an officer of the global technology officer, with the mandate to handle technology operations and expand the existence of Europe.
“Digital assets have reached a point of inflection where institutions require grade-enterprise infrastructure throughout the entire investment lifecycle,” Cox said on release.
By combining coinroutes implementation technology with QIS Risk analytics, the company can now provide a broader solution for institutional investors, according to coinroutes co-founder and CEO, Ian Weisberger.
The deal will come as the adoption of the institutional infrastructure of cryptocurrency trading continues to accelerate. Since the establishment seven years ago by Weisberger and Michael Holstein, Coinroutes has been processing more than $ 500 billion in achieved trading.
The company’s implementation management system is designed to allow clients to maintain control of their wallets and private keys while accessing liquidity in many areas of trading, a approach appealing to institutions that seek to reduce the risk of counterparts.
