CoinRoutes Acquires QIS Risk for $5M to Enhance Crypto Trading Platform

CoinRoutes, a cryptocurrency trading platform for institutions, has acquired QIS Risk, a portfolio and risk management provider. The acquisition, valued at $5 million in cash and stock, integrates CoinRoutes' algorithmic execution technology with QIS Risk’s portfolio monitoring and risk analytics suite.

CoinRoutes connects to over 50 exchanges and supports more than 3,000 digital assets.
QIS Risk offers real-time tracking and analysis from over 70 trade sources.
The combined platform will provide execution across centralized (CEX) and decentralized exchanges (DEX), along with real-time portfolio monitoring, stress testing, and counterparty risk tools.
It includes options trade capture for Deribit and OTC positions, and extends to DeFi with staking and on-chain derivatives tracking.

Fred Cox, founder of QIS Risk, will join CoinRoutes as the global chief technology officer to oversee technology operations and expand European presence.

This merger aims to offer a comprehensive solution for institutional investors, enhancing infrastructure throughout the investment lifecycle. CoinRoutes has processed over $500 billion in trades since its founding by Ian Weisberger and Michael Holstein. The system allows clients to control their wallets and private keys while accessing liquidity across various trading venues.