CoinRoutes' $5 million acquisition of QIS Risk aims to revolutionise digital asset trading by delivering an end-to-end platform that combines advanced execution technology with real-time risk monitoring, challenging legacy industry players and setting new standards for institutional investors.
CoinRoutes, an institutional-grade algorithmic crypto trading platform, has announced the acquisition of QIS Risk, a prominent provider of portfolio and risk management solutions tailored for digital assets. The transaction, valued at approximately $5 million in cash and stock, aims to establish the industry’s first comprehensive end-to-end institutional platform for digital assets. This new platform will combine CoinRoutes’ advanced market execution technology with QIS Risk’s award-winning capabilities in portfolio monitoring and risk management.
The integration positions CoinRoutes in direct competition with legacy market participants like Talos and Elwood, offering both superior execution performance—refined over seven years and involving over half a trillion dollars in traded volume—and a complete workflow suite previously unavailable in the digital asset space. The resulting platform emphasizes execution excellence, leveraging CoinRoutes’ patented distributed market access across more than 50 exchanges and over 3,000 assets, along with low-latency algorithms optimized for crypto trading. Key features include market-neutral spread algorithms designed for stable yield generation through arbitrage.
Complementing this, QIS Risk’s platform provides real-time portfolio monitoring across more than 70 trade sources, stress testing, counterparty risk analysis, and detailed options analytics, with integrations covering derivatives on Deribit and OTC markets. Additionally, the combined system incorporates on-chain investment tracking—including major swap protocols, staking balances, rewards, and derivatives—offering standardized P&L and exposure reporting for both on-chain and off-chain positions. The platform supports seamless end-to-end lifecycle management, from trade execution to settlement, reporting, and risk oversight, with a 24/7 support network operating from hubs like Miami, New York, Dubai, Singapore, and London.
Fred Cox, founder of QIS Risk, joins CoinRoutes as the Global Chief Technology Officer, overseeing technological development and helping expand the firm’s European presence. Cox expressed that the acquisition fulfills a vital need for institutional-grade infrastructure in digital assets, combining proven performance and comprehensive workflow tools.
This strategic move positions CoinRoutes to challenge established competitors by offering a uniquely integrated solution that combines enterprise-level execution capabilities with full-scope risk management. Industry observers highlight that the combined strengths—seven years of iterative algorithmic fine-tuning and robust workflow functionalities—could significantly influence the competitive landscape.
QIS Risk has been recognized twice at HedgeWeek’s Global Digital Assets Awards as the Risk Management Solution of the Year, in 2024 and 2025, underscoring its reputation in institutional risk monitoring. Its platform’s capacity to process both on-chain and off-chain data aids institutional investors in gaining full visibility and systematic risk assessment, fostering greater confidence in digital asset investments.
Overall, this acquisition aims to build a platform designed to serve the sophisticated needs of modern digital asset institutions, integrating execution excellence with comprehensive risk management and operational tools to meet the demands of a rapidly evolving market. Industry insiders suggest that, with this move, CoinRoutes is poised to strengthen its position as a leading provider of end-to-end institutional crypto trading solutions.
Sources:
- [1] FinanceWire article
- [2] QIS Risk official site
- [3] TodayOnChain
- [4] CoinDesk
Source: Noah Wire Services
Verification / Sources
- https://financewire.com/2025/10/03/coinroutes-acquires-qis-risk-to-become-leading-digital-asset-trading-platform/ - Original press release. View link for all data
- https://www.qisrisk.com/post/qis-risk-wins-risk-management-software-of-the-year-for-second-consecutive-year - QIS Risk has been named Risk Management Software of the Year at HedgeWeek's Global Digital Assets Awards 2025, marking their second consecutive win in this category. The award recognises QIS Risk's commitment to providing institutional-grade risk monitoring solutions tailored for the digital assets industry. Their platform integrates on-chain and off-chain investment data, offering managers increased operational efficiency, comprehensive portfolio visibility, and systematic risk and performance analysis. This achievement underscores QIS Risk's dedication to supporting the institutional adoption of digital assets through advanced risk management technology.
- https://www.todayonchain.com/news/article/01K6DYANKDP377JJSSXZ3F3TG0/ - CoinRoutes, an institutional cryptocurrency trading platform, has acquired QIS Risk, a provider of portfolio and risk management solutions, for $5 million in cash and stock. This acquisition merges CoinRoutes' algorithmic execution technology, which connects to over 50 exchanges and 3,000 assets, with QIS Risk's analytics capabilities, integrating with over 70 trade sources. The combined platform will offer institutions execution across centralized and decentralized exchanges, real-time profit and loss monitoring, stress testing, counterparty risk tools, and support for decentralized finance tracking. QIS Risk founder Fred Cox joins CoinRoutes as global CTO to oversee technology and expand European presence.
- https://www.coindesk.com/business/2025/09/30/coinroutes-acquires-qis-risk-for-usd5m-to-bolster-institutional-crypto-trading-tools - CoinRoutes has acquired QIS Risk for $5 million to enhance its institutional crypto trading tools. The deal combines CoinRoutes' execution technology with QIS Risk's portfolio and risk management tools. CoinRoutes provides connectivity to over 50 exchanges and more than 3,000 digital assets, while QIS Risk integrates with over 70 trade sources to deliver real-time tracking and analysis. The combined platform will offer institutions execution across both centralized and decentralized exchanges, real-time portfolio and profit-and-loss monitoring, stress testing, and counterparty risk tools. QIS Risk founder Fred Cox will join CoinRoutes as global chief technology officer, with a mandate to oversee technology operations and expand the firm's European presence.
- https://www.coindesk.com/ru/business/2025/09/30/coinroutes-acquires-qis-risk-for-usd5m-to-bolster-institutional-crypto-trading-tools/ - CoinRoutes приобрела QIS Risk за 5 миллионов долларов для укрепления инструментов институциональной торговли криптовалютами. Сделка объединяет технологию исполнения ордеров CoinRoutes с инструментами управления портфелем и рисками QIS Risk. CoinRoutes предоставляет подключение к более чем 50 биржам и более 3 000 цифровых активов, в то время как QIS Risk интегрируется с более чем 70 торговыми источниками для предоставления отслеживания и анализа в реальном времени. Объединенная платформа предложит институциональным клиентам исполнение как на централизованных, так и на децентрализованных биржах, мониторинг портфеля и прибыли и убытков в реальном времени, стресс-тестирование и инструменты анализа контрагентов. Основатель QIS Risk Фред Кокс присоединится к CoinRoutes в качестве глобального технического директора, с задачей контролировать технологические операции и расширять присутствие компании в Европе.
- https://www.coindesk.com/ko/business/2025/09/30/coinroutes-acquires-qis-risk-for-usd5m-to-bolster-institutional-crypto-trading-tools/ - CoinRoutes는 기관용 암호화폐 거래 도구를 강화하기 위해 QIS Risk를 500만 달러에 인수했습니다. 이번 거래를 통해 CoinRoutes의 실행 기술과 QIS Risk의 포트폴리오 및 리스크 관리 도구가 결합됩니다. CoinRoutes는 50개 이상의 거래소와 3,000개 이상의 디지털 자산에 연결되며, QIS Risk는 70개 이상의 거래 소스와 통합되어 실시간 추적 및 분석을 제공합니다. 통합된 플랫폼은 기관에 중앙화된 거래소(CEX)와 분산화된 거래소(DEX) 모두에서 실행, 실시간 포트폴리오 및 손익 모니터링, 스트레스 테스트 및 카운터파티 리스크 도구를 제공합니다. QIS Risk의 창립자 Fred Cox는 글로벌 기술 책임자로서 CoinRoutes에 합류하여 기술 운영을 감독하고 유럽에서의 존재감을 확장할 예정입니다.
- https://www.coindesk.com/de/business/2025/09/30/coinroutes-acquires-qis-risk-for-usd5m-to-bolster-institutional-crypto-trading-tools/ - CoinRoutes hat QIS Risk für 5 Millionen US-Dollar übernommen, um die institutionellen Krypto-Handelsinstrumente zu stärken. Die Vereinbarung kombiniert die Ausführungstechnologie von CoinRoutes mit den Portfolio- und Risikomanagement-Tools von QIS Risk. CoinRoutes bietet Konnektivität zu über 50 Börsen und mehr als 3.000 digitalen Vermögenswerten, während QIS Risk mit über 70 Handelsquellen integriert ist, um Echtzeit-Tracking und -Analyse bereitzustellen. Die kombinierte Plattform wird Institutionen Ausführung über zentrale (CEX) und dezentrale Börsen (DEX), Echtzeit-Portfolio- und Gewinn- und Verlustüberwachung, Stresstests und Gegenparteirisiko-Tools sowie Unterstützung für DeFi-Tracking bieten. Der Gründer von QIS Risk, Fred Cox, wird als globaler Chief Technology Officer zu CoinRoutes stoßen, um die Technologieoperationen zu überwachen und die europäische Präsenz des Unternehmens auszubauen.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation.
Freshness check
Score: 8
Notes: The narrative was first published on September 30, 2025, by CoinDesk, with subsequent coverage by TodayOnChain on October 2, 2025, and FinanceWire on October 3, 2025. The earliest known publication date is September 30, 2025. The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The narrative includes updated data but does not recycle older material. No republishing across low-quality sites or clickbait networks was identified. No similar content appeared more than 7 days earlier. The report is current and original.
Quotes check
Score: 9
Notes: The direct quotes from Ian Weisberger, CEO of CoinRoutes, and Fred Cox, founder of QIS Risk, appear in the earliest known publication on September 30, 2025. No identical quotes were found in earlier material, indicating originality. No variations in quote wording were noted. The quotes are consistent across sources.
Source reliability
Score: 8
Notes: The narrative originates from reputable organisations: CoinDesk, TodayOnChain, and FinanceWire. CoinDesk is a well-established news outlet in the cryptocurrency space. TodayOnChain is a news aggregator, and FinanceWire is a press release distribution service. The QIS Risk official site is also cited. All sources are verifiable and have a public presence.
Plausability check
Score: 9
Notes: The acquisition of QIS Risk by CoinRoutes for $5 million aligns with industry trends of consolidation in the digital asset trading sector. The claims are supported by coverage from multiple reputable outlets. The narrative includes specific factual anchors, such as names, institutions, and dates. The language and tone are consistent with the region and topic. No excessive or off-topic detail unrelated to the claim is present. The tone is formal and appropriate for corporate communication.
Overall assessment
Veredict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary: The narrative is current, original, and supported by reputable sources. No significant credibility risks were identified. The claims are plausible and consistent with industry trends.