CoinDCX Enhances Anti-Money Laundering Protection, Announces Partnership With Cryto-native Trade Surveillance And Market Integrity Leader Solidus Labs – QNT Press Release

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An industry-first in India, CoinDCX leverages Solidus Labs’ machine-learning detection models to strengthen trust and transparency on its platform and raise compliance standards for the crypto sector.

CoinDCX, India’s first crypto unicorn and the nation’s safest crypto exchange, announced today that it has selected crypto-native risk monitoring firm Solidus Labs as a strategic compliance partner.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220214005510/en/

With the aim to protect its users from known forms of market abuse and a plethora of emerging crypto-specific risks, partnering with Solidus will enable CoinDCX to forge greater trust and transparency on its platform, and cement its leadership as India’s number one digital asset exchange .

In an industry-first in India, each and every transaction will be monitored on CoinDCX using Solidus Labs’ cutting-edge machine-learning detection models, and state-of-the-art connectivity and infrastructure to identify suspicious activity. This guarantees end- to-end monitoring and surveillance of user activity—from fiat deposits, trading transactions and crypto withdrawal deposits—against fraudulent transactions on CoinDCX’s platform. Designed to meet Crypto’s unique risk monitoring challenges, regulation and licensing requirements, Solidus Labs’ Market Integrity solutions are built natively for crypto transactions, providing precise and holistic detection and reporting to promptly detect, investigate, prevent and report anomalous activities.

Commenting on the company’s landmark partnership, CoinDCX Co-Founder Neeraj Khandelwal said, “As India’s safest crypto exchange, security and transparency are paramount pillars that have made CoinDCX a trusted partner in our customers’ trading journey. Especially in today’s technology-entrenched world, countering illicit activities requires harnessing the latest world-class digital solutions from leading industry players such as Solidus Labs. In our long-term …

Full story available on Benzinga.com

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