What to know:
- CoinRoutes has snapped up QIS Risk for $5 million in cash and stock. Yes, $5 million-enough to buy a small island of spreadsheet enthusiasts. 💼🪙
- QIS Risk founder Fred Cox will become CoinRoutes’ global CTO, steering technology operations and European expansion. Think of him as the techy grand tour guide for the continent. 🤖🇪🇺
In plain language, if you can tolerate the hum of servers and the occasional triumph of “algorithms,” CoinRoutes is buying itself a bigger brain. The institutional crypto trading outfit announced it is acquiring QIS Risk, a provider of portfolio and risk management for digital asset managers, in a deal that adds up to five million dollars in cash and stock.
The mash-up pairs CoinRoutes’ knack for lightning-fast execution with QIS Risk’s portfolio-monitoring and risk-analytics toolkit, which sounds impressive enough to survive the next market crash and still have room for dessert. 🍰
Today, CoinRoutes connects to more than 50 exchanges and a tad over 3,000 digital assets, while QIS Risk harmonizes with more than 70 trade sources to deliver real-time tracking and analysis. The combined platform will offer institutions execution across centralized (CEX) and decentralized (DEX) venues, real-time portfolio and P&L monitoring, stress testing, counterparty risk tools, and options trade capture for Deribit and OTC positions. And because the world of finance never naps, DeFi tracking for staking and on-chain derivatives will also appear. 🌐
As part of the deal, Fred Cox will join CoinRoutes as global chief technology officer, charged with overseeing technology operations and expanding the firm’s European footprint. 🗺️
“Digital assets have reached an inflection point where institutions require enterprise-grade infrastructure across the entire investment lifecycle,” Cox said in the release, which is a fancy way of saying, “We’re building a serious grown-up playground.”
By fusing CoinRoutes’ execution technology with QIS Risk’s analytics, the company hopes to offer a more complete toolkit for institutional investors, according to CoinRoutes co-founder and CEO, Ian Weisberger. 🧰
The deal comes as institutional adoption of cryptocurrency trading infrastructure continues to accelerate. Since its founding seven years ago by Weisberger and Michael Holstein, CoinRoutes has processed more than $500 billion in executed trades, which is a lot of numbers and a lot of coffee. ☕💹
The company’s execution management system is designed to let clients maintain control of their wallets and private keys while accessing liquidity across multiple trading venues, a setup that appeals to institutions wary of counterparty risk. It’s the sort of careful balance that makes a librarian nod approvingly and a thrill-seeker lose sleep. 🗝️📈
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2025-09-30 22:19