Modulus, Leading White-Label Trading Platform, Has Success Accepting Bitcoin Payments

Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, announced that it has had great success in accepting blockchain payments in Bitcoin from clients for services provided surrounding the licensing and servicing of its proprietary white-label digital asset exchange. Modulus has been accepting Bitcoin for over a year and has received approximately $1MM in payments.

“Modulus has long been committed to providing our customers with every advantage, whether that’s leading the industry in information security or streamlining processes. We’ve found that our clients have been interested in paying for our services and technology licensing with digital assets, and it only made sense to allow them to do so,” said Richard Gardner, CEO of Modulus.

Modulus partnered with BitPay, the world’s largest blockchain payments provider, to accept Bitcoin payments from any bitcoin wallet or exchange globally. “Working with BitPay has been very easy and simple to set up, as their billing invoicing tool allows us to invoice clients and get settled in US Dollars,” said Gardner. “BitPay also allows us to accept payments in ETH; XRP; Bitcoin Cash; and stablecoins USDC, GUSD, and PAX.”

“Modulus is one of the leading providers of trading exchange systems, and we’ve been happy to work with them for the past year,” said Sonny Singh, Chief Commercial Officer of BitPay. “A lot crypto exchanges are being built globally, and the ability to pay their vendors, like Modulus, in crypto makes sense, as its cheaper and quicker than a bank wire.”

The Modulus digital asset exchange solution enables exchanges to scale to millions of transactions per second with ultra-low latency. The solution also features proprietary trade surveillance technologies utilizing machine learning, which uses pre and post trade data to monitor and prevent market manipulation and money laundering in real time.

“There’s no question that the solutions we provide are certainly best-in-class. But, beyond that, we wanted to make a statement that we, as a company, aren’t just on the cutting edge of technology, but, also, that we’re ahead of the curve in terms of trend awareness within the industry. Digital assets simply aren’t going anywhere. In fact, each new day brings more techpreneurs into the sector, and they’re working hard to create solutions to real business and societal problems,” noted Gardner. “We’re proud that our technologies are used as the cornerstone for so many of them.”

Modulus has been developing high frequency trading systems, exchanges, trade surveillance systems, and risk management systems for over twenty years. Clients include Goldman Sachs, Merrill Lynch, JP Morgan Chase, Bank of America, Barclays, Morgan Stanley, HSBC, TD Ameritrade, CME Group, and thousands of other clients.