EDX Markets Partners with Solidus Labs to Enhance Transaction Monitoring

EDX Markets Partners with Solidus Labs for Enhanced Transaction Monitoring

EDX Markets, a leading crypto exchange backed by major Wall Street firms, has announced a partnership with Solidus Labs to enhance transaction monitoring on its platform. The collaboration aims to provide customers with seamless risk management capabilities and maintain the highest compliance standards in the cryptocurrency industry.

Key Points:

– EDX Markets is a crypto exchange designed for both native crypto firms and large financial institutions.
– The platform offers safer, faster, and more efficient trading and settlement of digital assets, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
– EDX has selected Solidus Labs’ HALO platform as a central tool to manage risk, prevent financial crime, and comply with regulations.
– HALO currently monitors over 250 million events and $16 trillion in trading volume per day across more than 150 markets.
– EDX will leverage Solidus Labs’ machine learning-powered detection models to identify unusual activity and coordinate risk response.

Hot Take: Enhancing Safety and Compliance in Crypto Trading

The partnership between EDX Markets and Solidus Labs is a significant step towards improving safety and compliance in the cryptocurrency space. By utilizing Solidus Labs’ transaction monitoring expertise, EDX aims to protect the integrity of its platform and meet regulatory expectations. This collaboration highlights the growing demand for risk management and compliance solutions in the crypto industry, bridging the gap between traditional and digital finance.