CoinDCX announces a collaboration with Solidus Labs to improve anti-money laundering protection

• ByStartupStory     |    February 17, 2022

CoinDCX, a cryptocurrency trading platform, has chosen Solidus Labs, a crypto-native risk monitoring organisation, as a key compliance partner.

CoinDCX bills itself as India’s first crypto unicorn and safest cryptocurrency exchange. The agreement will increase the trading platform’s transparency.

According to the firm, the cooperation between CoinDCX and Solidus seeks to safeguard its consumers against recognized kinds of market manipulation as well as a slew of new crypto-specific hazards.

To detect fraudulent behaviour, every transaction on CoinDCX will be watched utilising Solidus Labs’ machine-learning detection algorithms, connectivity, and infrastructure.

This will ensure end-to-end monitoring and surveillance of user behaviour on CoinDCX’s platform, including fiat deposits, trading transactions, and crypto withdrawal deposits.

Solidus Lab’s solutions are created natively for crypto transactions and are meant to address the crypto’s risk monitoring problems, legislation, and licensing needs, according to the company.

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