CoinRoutes, an institutional cryptocurrency -trading platform, have acquired QIS Risk, a portfolio and risk management provider for digital asset managers, the company said in a press release on Tuesday.
The agreement value was $ 5 million in cash and stock, and collects CoinRoutes’ algorithmic execution technology with QIS Risk’s package of portfolio monitoring and risk analysis.
CoinRoutes currently connects to more than 50 exchanges and over 3,000 digital assets, while QIS risk is integrated with more than 70 trading sources to deliver real-time tracking and analysis.
The combined platform will offer institutions execution across both centralized (CEX) and decentralized exchanges (DEX), real-time portfolio and surplus-and-loss monitoring, stress tests and counterparty risk tools and options Trade for delivery and over-the-counter (OTC) positions. It will also expand to decentralized funding (defi) with tracking for stacking and on-chain derivatives.
As part of the transaction, QIS Risk founder Fred Cox will join CoinRoutes as Global Chief Technology Officer, with a mandate to supervise technology operations and expand the company’s European presence.
“Digital assets have reached a bending point where institutions require infrastructure for business quality throughout the investment life cycle,” Cox said in the release.
By combining CoinRoutes’ execution technology with QIS Risk’s Analytics, the company can now provide a more comprehensive solution for institutional investors, according to CoinRoutes co-founder and CEO Ian Weisberger.
The trade comes as an institutional adoption of cryptocurrency infrastructure continues to accelerate. Since the founding of seven years ago by Weisberger and Michael Holstein, CoinRoutes has treated more than $ 500 billion in performed trades.
The company’s execution management system is designed to allow clients to maintain control of their wallets and private keys, while accessing liquidity across multiple trading sites, an approach that appeals to institutions seeking to minimize counterparty risk.
