Bitfinex Bolsters Surveillance Capabilities with Irisium Platform

Irisium Surveillance will help the bitcoin exchange to better monitor for volume manipulation, wash-trading and fake liquidity.

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The newly installed, multi-asset system detects unusual patterns of behavior or signals that indicate manipulation. Irisium, which was formerly known as Ancoa Software, will help Bitfinex—a digital asset trading platform that launched in 2012—monitor for market abuses such as volume manipulation, wash-trading and fake liquidity.

Paolo Ardoino, CTO of Bitfinex, says the exchange currently has an in-house tool it uses to analyze trades coming across the exchange, but the addition of Irisium’s

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