The Validus platform from Eventus, the trade surveillance and risk management solutions provider, has been chosen by Bitnomial Exchange to provide comprehensive trade surveillance. Eventus and Bitnomial have collaborated since May 2021, with Eventus initially supporting two futures commission merchants on the exchange.
Bitnomial, a CFTC-regulated exchange offering physically settled Bitcoin futures and options, reported record growth in August 2024, including over $130 million in notional value traded in the first half of the year—an increase of 1,081% compared to 2023. Founded in 2014, the exchange aims to provide a secure, regulated space for institutional cryptocurrency traders, and it recently introduced Hashrate futures in partnership with Luxor, targeting Bitcoin miners.
Michael Dunn, President of Bitnomial Exchange, commented: “Integrating Eventus’ advanced surveillance tools with our proprietary, in-house surveillance system strengthens our commitment to compliance and transparency, while reinforcing the trust our clients place in Bitnomial Exchange.”
Eventus CEO Travis Schwab said: “Our extensive experience in digital assets globally, combined with internal markets and regulatory expertise and a best-of-breed solution, all played a role in this selection. We’re excited to build on our relationship and serve as a trusted partner supporting Bitnomial’s continued growth and the integrity of its markets.”
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