Coinroutes, an institutional cryptocurrency trade platform, has acquired Qis Risk, a portfolio and risk management provider for digital asset administrators, the company said in a press release on Tuesday.
The value of the agreement was $ 5 million in cash and shares, and brings together the algorithmic execution technology of coinroutes with the portfolio monitoring and risk analysis of Qis Risk.
Coinroutes currently provides connectivity to more than 50 exchanges and more than 3,000 digital assets, while the risk of QIS is integrated with more than 70 commercial sources to offer real -time monitoring and analysis.
The combined platform will offer execution of institutions in centralized exchanges (CEX) and decentralized (DEX), real -time portfolio and profit and losses monitoring, stress tests and counterpart risk tools, and trade capture of options for options for careless and free sale (OTC). It will also be extended to decentralized finances (DEFI), with betting of bets and derivatives in the chain.
As part of the transaction, the founder of Qis Risk, Fred Cox, will join Coinroutes as director of global technology, with a mandate to supervise technological operations and expand the European presence of the company.
“Digital assets have reached a turning point where institutions require a business degree infrastructure throughout the investment life cycle,” Cox said in the statement.
By combining coinroutes execution technology with Qis Risk analysis, the company can now provide a more complete solution for institutional investors, according to co -founder and CEO of Coinroutes, Ian Weisberger.
The agreement occurs when the institutional adoption of cryptocurrency trade infrastructure continues to accelerate. Since its foundation seven years ago by Weisberger and Michael Holstein, Coinroutes has processed more than $ 500 billion in executed operations.
The company’s execution management system is designed to allow customers to maintain control of their private wallets and keys while accessing liquidity in multiple commercial places, an approach that attracts institutions that seek to minimize the risk of counterpart.
