CoinRoutes, an institutional cryptocurrency trading platform, has acquired QIS Risk, a portfolio and risk management provider for digital asset managers, the company said in a press release Tuesday.

The deal value was $5 million in cash and stock, and brings together CoinRoutes’ algorithmic execution technology with QIS Risk’s suite of portfolio monitoring and risk analytics.

CoinRoutes currently provides connectivity to more than 50 exchanges and over 3,000 digital assets, while QIS Risk integrates with more than 70 trade sources to deliver real-time tracking and analysis.

The combined platform will offer institutions execution across both centralized (CEX) and decentralized exchanges (DEX), real-time portfolio and profit-and-loss monitoring, stress testing and counterparty risk tools,

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