“Nasdaq Sheriff moves to Europe. We usually associate NASDAQ with the American Stock Exchange, this temple of technological giants. But NASDAQ is also a technological player who provides one of the most modern solutions for financial monitoring in the world. And it was this experience just acquired by Bybit EU, the European Branch of the Exchange. Objective: To deploy a NASDAQ market surveillance platform, a system designed for […]”, – WRITE: Businessua.com.ua
Nasdaq Sheriff moves to Europe. We usually associate NASDAQ with the American Stock Exchange, this temple of technological giants. But NASDAQ is also a technological player who provides one of the most modern solutions for financial monitoring in the world. And it was this experience just acquired by Bybit EU, the European Branch of the Exchange.
Purpose: to unfold NASDAQ market surveillance platform a system intended to identify and prevent market abuse in European operations. This is A real strategic shift for Bybit, which changes its adventurous pioneer image on the image of a regulated player ready to play by the rules.
Le Journal Du Coin offers you this advertising article in collaboration with Bybit.
The key points of this article:
- NASDAQ has provided BYBIT EU, European cryptoplatform, its technology of market observation to enhance compliance with regulatory requirements.
- This partnership marks a strategic shift for Bybit EU, responding to the new European Mica regulation and increasing the transparency and safety of digital assets.
Mica patrol: When regulation signals the end of the wild west This alliance is not created by accident. It is a direct consequence of new European regulation Mica (cryptoactive markets). Useful clarification:
- Mica – This is a common name used in a cryptoecosystem.
- Micar (Regulation of cryptoactive markets) is the legal name for the legislation itself.
In short, it is the same regulatory project, but presented under two names. This regulation requires platforms to implement monitoring and reporting standards comparable to traditional financial markets. For Bybit EU, NASDAQ appeal is a way to demonstrate its dedication to the requirements of compliance with requirements and transparency in front of this “new supervisory body”.
NASDAQ solutions are not a new development for cryptocurrencies: it is already used by more than 50 exchanges and 20 international regulators. It combines Image recognition algorithms from access to complex market data .
Among his assets:
- Round -the -clock monitoring of over 60 billion crypto -transactions per day .
- Detection of complex real -time manipulations, such as layering (placement of counterfeit orders for manipulating the perception of a glass of warrants) or purging (misleading with the help of false proposals).
- Reduce the number of false positive results with notifications adapted to the specifics of cryptocurrency markets.
- Complete reconstruction of orders for the study of each anomaly.
In short, it is enough to seriously complicate the lives of those who enjoyed secret price manipulation.
A strong signal for European ecosystem By this partnership, Bybit EU sends a clear signal: the uncertainty period has expired. In Europe, maturity is achieved through compliance and high -level surveillance .
Mazurka Zenh, governing director Bybit EU, sums up this approach:
“This partnership demonstrates our dedication to ensure safe, transparent and fully corresponding digital trading.”
Source: press release
Using technologies that are already trusted 97% of the largest banks in the world Bybit EU creates convincing arguments to convince investors, institutions and regulators that the future of cryptocurrency can be both innovative … and safe.
About bybit eu
Bybit EU GmbH is a recently created European organization specializing in customer service in the European Economic Zone (EEA*, except for Malta) through the BYBIT.EU platform. BYBIT EU, which is managed by Bybit EU GMBH, a provider of cryptoactive services (CASP), licensed in accordance with the regulations of cryptoactive market (Micar), provides fully regulated services, including crypto-saving, exchange and rewards, and fully compliance with the European Rules.
Bybit EU GmbH is a licensed provider of cryptoactive services in accordance with the regulations on cryptoactive markets (Micar), authorized to offer such services to residents of the European Economic Zone (except Malta):
- ensure the storage and administration of crypto assets on behalf of clients;
- exchange crypto assets for funds;
- to exchange crypto assets for other crypto assets;
- investing cryptoactives;
- and providing crypto assets transfer services on behalf of clients.
Bybit EU GmbH is neither a platform operator for crypto assets nor a supplier of investment consultations.
Source: Journalducoin.com
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