The British Coinfloor crypto-exchange announced the launch of a program aimed at fighting manipulation on the cryptocurrency market. The company will use the software of the American Trading Technologies (TT).
Representatives of the British exchange reported that a system called Score uses machine learning algorithms and identifies fraud. Coinfloor plans to use the program on all its platforms: Coinfloor Exchange UK, Coinfloor Exchange Gibraltar and CoinfloorEX.
Score system will be activated on Coinfloor platforms in August. The British exchange will be the first to use this software. It is also expected that TT will link its own trading platforms with the CoinfloorEX platform in the third quarter of 2018.
Earlier in July, it was reported, that the largest American exchange Coinbase is developing its own program called Trade Surveillance, which allows more effective monitoring of the market. In March, the Gemini exchange announced a partnership with Nasdaq and their plans to use the SMARTS Market Surveillance technology.