Chainalysis helps us visualize the flow of funds and the risk easily and quickly. I think this has greatly shortened our time on investigations.”
– Compliance Analyst, Bitget
Challenge
Maintain a risk-based compliance program to deter bad actors and grow user trust
Bitget, a global cryptocurrency exchange with over 20 million users, faces the challenge of sustaining a robust compliance program to deter bad actors, foster trust, and keep pace with evolving industry standards. As a high-volume trading platform with a daily trading volume of $10 billion, ensuring the security of its users and maintaining a risk-based compliance program is paramount.
Solution
Enhance Bitget’s compliance practices and create a safer trading environment
Bitget’s solution to this challenge involves a strategic collaboration with Chainalysis. Leveraging the Chainalysis compliance solution, Bitget optimizes its AML risk management strategy, enabling early identification of risks, efficient transaction analysis, and enhanced due diligence. The integration of Chainalysis into Bitget’s platform provides a comprehensive toolset for the compliance team, including intuitive user interfaces, effective workflow, and a risk dashboard for strategic decision-making.
This collaboration not only enhances Bitget’s defense mechanisms but also creates a safer trading environment, fostering user confidence and trust in the platform.
