CoinRoutes, a leading institutional cryptocurrency trading platform, has completed the acquisition of QIS Risk, a prominent portfolio and risk management provider for digital asset managers, according to an official announcement.
The $5 million transaction, conducted through a combination of cash and stock, integrates CoinRoutes' advanced algorithmic execution technology with QIS Risk's comprehensive portfolio monitoring and risk analytics solutions.
CoinRoutes currently offers connectivity to more than 50 cryptocurrency exchanges and over 3,000 digital assets, while QIS Risk integrates with more than 70 trading sources to provide real-time tracking and analytical capabilities.
The unified platform will deliver institutional clients execution capabilities across both centralized (CEX) and decentralized exchanges (DEX), real-time portfolio and P&L monitoring, stress testing tools, counterparty risk assessment, and options trade capture for Deribit and OTC positions. The platform will also expand into decentralized finance (DeFi) with tracking for staking activities and on-chain derivatives.
As part of the acquisition, QIS Risk founder Fred Cox will join CoinRoutes as Global Chief Technology Officer, responsible for overseeing technology operations and expanding the company's European market presence.
"Digital assets have reached a critical inflection point where institutions demand enterprise-grade infrastructure throughout the entire investment lifecycle," Cox stated in the release.
According to CoinRoutes co-founder and CEO Ian Weisberger, the combination of execution technology and advanced analytics creates a more comprehensive solution for institutional investors.
This acquisition occurs as institutional adoption of cryptocurrency trading infrastructure accelerates significantly. Since its founding seven years ago by Weisberger and Michael Holstein, CoinRoutes has processed over $500 billion in executed trades.
The company's execution management system enables clients to maintain control of their wallets and private keys while accessing liquidity across multiple trading venues, addressing institutional concerns about minimizing counterparty risk.