Bitvavo To Use Nasdaq Market Surveillance

Crypto exchange Bitvavo has signed an agreement with Nasdaq today to boost market abuse detection and analysis ahead of the implementation of the Markets

Crypto exchange Bitvavo has signed an agreement with Nasdaq on Monday to boost market abuse detection and analysis ahead of the Markets in Crypto-Assets Regulation (MiCA) implementation in the European Union.

The exchange commits to improving security, trust, and stability amid the paradigm shift in crypto adoption globally.

Bitvavo To Use Nasdaq Market Surveillance

The largest cryptocurrency Euro spot exchange globally Bitvavo and Nasdaq have entered into an agreement to use the Market Surveillance technology across the crypto exchange, as per an announcement on July 31. The exchange seeks to further boost the trust, transparency, and integrity of its marketplace ahead of MiCA implementation.

Amsterdam, the Netherlands-headquartered crypto exchange Bitvavo aims to bolster market abuse detection through detailed trading insights, order book replay with a consolidated audit trail, and analyze suspicious activity through alerts. The Nasdaq Market Surveillance will help the exchange in producing detailed reports to share with regulators.

“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,” said Jeetan Patel, Chief Risk Officer at Bitvavo.

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