For a long time, we struggled with deciding whether to allow a particular transaction. Chainalysis provides a strong understanding of transaction clusters, with a superior level of detail and data compared to competitors. It helps us make confident, informed decisions. At the end of the day, compliance is all about tracing transactions back to their origin.”
Challenge
Flipster, a fast-growing crypto exchange, needed to navigate complex global regulations to sustain its rapid expansion. With a small compliance team responsible for monitoring market manipulation, money laundering, and sanctions risks, Flipster sought to enhance its investigative capabilities, improve monitoring efficiency, and build trust with regulators and users.
Solution
By leveraging Chainalysis’ Crypto Compliance solution, Flipster gained deeper insights into on-chain transactions, enabling automated monitoring and improved risk detection. Chainalysis’ clustering technology and Travel Rule support allowed Flipster to screen transactions more effectively, ensuring compliance with global regulatory standards. Responsive support from Chainalysis was critical in maintaining oversight as new tokens and projects were introduced.
Results
Since implementing Chainalysis, Flipster has significantly strengthened its compliance program. The percentage of transactions flagged for investigation increased from 0.5-1% to 2-3%, aligning with industry benchmarks and improving regulatory confidence. With enhanced compliance capabilities, Flipster has expanded its global reach to 180 countries and continues to secure new regulatory licenses.Beyond operational improvements, Chainalysis has helped Flipster foster a culture of compliance, ensuring teams across the company understand their role in risk mitigation and platform integrity. With a proactive approach to evolving regulations, Flipster remains agile, trusted, and well-positioned for future growth.
