CoinDCX, the favored India-based crypto alternate, introduced at present that it has chosen crypto-native threat monitoring agency Solidus Labs as a strategic compliance companion. With the purpose to guard its customers from recognized types of market abuse and rising crypto-specific dangers, partnering with Solidus will allow CoinDCX to forge larger belief and transparency on its platform.
Going ahead, each transaction shall be monitored on CoinDCX utilizing Solidus Labs’ machine-learning detection fashions, and state-of-the-art connectivity infrastructure to establish suspicious exercise. This ensures end-to-end monitoring and surveillance of consumer exercise—from fiat deposits, buying and selling transactions, and crypto withdrawal deposits—towards fraudulent transactions on CoinDCX’s platform.
Designed to satisfy crypto’s distinctive threat monitoring challenges, regulation, and licensing necessities, Solidus Labs’ Market Integrity options are constructed natively for crypto transactions, offering exact and holistic detection and reporting to promptly detect, examine, forestall and report anomalous actions.
“Particularly in at present’s technology-entrenched world, countering illicit actions requires harnessing the most recent world-class digital options from main business gamers resembling Solidus Labs. In our long-term efforts to take care of the best requirements of screening and due diligence, CoinDCX is dedicated to bolstering compliance options on our platform.”
– CoinDCX Co-Founder, Neeraj Khandelwal
This partnership with Solidus Labs enhances CoinDCX’s compliance with the Monetary Motion Process Power’s (FATF) suggestions, reinforcing its current place to counter cash laundering and fight the financing of terrorism. CoinDCX’s current AML/CFT analytics shall be built-in into the Solidus Labs market integrity hub, enabling the administration of all dangers in a single place.
“We’re proud to hitch forces with a crypto powerhouse resembling CoinDCX and make inroads into the Indian market, making certain the utmost requirements of market integrity and investor safety obtainable, with out compromising development.”
– Solidus Labs Co-Founder & CEO Asaf Meir
Lately, CoinDCX introduced that it has over 10 million customers on its platform. The alternate consists of the CoinDCX app, CoinDCX Professional for knowledgeable merchants, and CoinDCX Prime for HNIs and establishments.