EDX Markets Partners with Solidus Labs to Monitor $16 Trillion in Crypto Trading with HALO Platform

blockchain.news:

EDX Markets, a pioneering crypto exchange backed by a consortium of major Wall Street firms including Citadel, Fidelity, Schwab, Virtu, Sequoia, Paradigm, and others, announced a partnership with Solidus Labs on August 10, 2023, to enhance transaction monitoring across EDX's platform. The collaboration aims to provide customers with seamless end-to-end transactional risk management capabilities, reflecting key institutional best practices and maintaining the highest compliance standards in the cryptocurrency industry.

EDX Markets is designed to meet the needs of both crypto-native firms and the world's largest financial institutions, enabling safer, faster, and more efficient trading and settlement of digital assets. Products listed for trading on EDX include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and <dfn data-info=«Bitcoin Cash is a cryptocurrency. In mid-2017, a group of developers wanting to increase bitcoin» s block size="" limit prepared a code="" change.>Bitcoin Cash (BCH).

EDX has chosen Solidus Labs' HALO platform, a leading crypto market integrity hub, as a central tool to manage and assess risk, prevent financial crime, and comply with evolving regulatory requirements. Solidus Labs is known as the category-definer for crypto-native market integrity solutions, including trade surveillance, transaction monitoring, and threat intelligence. Their mission is to enable safe crypto trading across all centralized and DeFi markets.

HALO currently monitors over 250 million events and $16 trillion in on- and off-chain trading volume per day across more than 150 markets, protecting over 25 million individual and institutional investors. EDX will leverage Solidus Labs' machine learning-powered detection models