Crypto Exchange Bitstamp to Replace Its Matching Engine with Cinnober Solutions

Bitstamp, one of the leading European virtual currency markets, announced on Monday that it would change its matching engine with software from Sweden’s financial services provider Cinnober. The move comes after both sides changed their shareholders’ structures with new majority owners.

Bitstamp tapped Cinnober because its TRADExpress, a specialized trading and post-trade service for cryptocurrency exchanges, implements technologies from traditional stock markets as well as solutions from virtual asset and blockchain industries, Nejc Kodrič, the CEO of the trading platform explained.

The cooperation with Bitstamp is the first significant crypto deal for Cinnober after US stock exchange NASDAQ made an offer…

This article appeared first on Cryptovest

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