Bitcoin
$42,085.84-1.58%
Ethereum
$2,879.87-4.57%
XRP
$0.927200-1.33%
Cardano
$2.06-1.79%
Polkadot
$27.47-5.64%
Stellar
$0.273561-2.44%
Dogecoin
$0.208676+0.10%
Chainlink
$22.30-4.20%
Uniswap
$19.88-5.38%
Polygon
$1.10-3.62%
Litecoin
$151.80-4.44%
Bitcoin Cash
$517.95-3.45%
Wrapped Bitcoin
$42,097.33-1.74%
Algorand
$1.66-2.07%
Cosmos
$32.07-8.74%
Filecoin
$70.38-5.13%
The Graph
$0.683758-2.71%
Tron
$0.090128-2.25%
Ethereum Classic
$47.25-3.66%
Aave
$282.79-4.41%
Tezos
$4.86-5.60%
Monero
$226.00-1.25%
EOS
$4.03-3.65%
NEO
$38.84-4.66%
IOTA
$1.26-2.32%
BitTorrent
$0.003264-2.30%
Bitcoin SV
$142.80+4.73%
Maker
$2,384.87-4.01%
Waves
$22.87-3.30%
Dash
$162.39-5.03%
Decred
$109.98-6.42%
Decentraland
$0.643170-4.01%
ICON
$1.53-6.15%
NEM
$0.148883-3.48%
Zcash
$115.19-1.66%
OmiseGO
$8.75-18.15%
Paxos Standard
$0.999346-0.01%
NuCypher
$0.270555-2.33%
Yearn Finance
$28,511.56-3.02%
Qtum
$9.63-6.48%
Bitcoin Gold
$51.55-5.64%
Basic Attention Token
$0.630316-3.36%
0x
$0.866602-4.82%
Bancor
$3.40-3.51%
Ren
$0.753160-4.25%
Fetch.ai
$0.642812-3.51%
Siacoin
$0.014718-3.98%
Band Protocol
$7.15-5.57%
Kava.io
$4.86-4.34%
Nano
$4.52-5.84%
Loopring
$0.386774-4.08%
Numeraire
$45.27+11.50%
Storj
$1.06-6.72%
Lisk
$2.83-6.76%
Civic
$0.399498-3.34%
Orchid
$0.334747+1.84%
PAX Gold
$1,786.47+0.87%
Enzyme
$160.09+54.46%
Augur
$20.20-6.73%
Aragon
$4.64-6.06%
district0x
$0.145097-3.50%
Kyber Network
$1.44-3.07%
SingularDTV
$0.001390+3.65%
Tether
$1.00+0.04%
USD Coin
$1.00-0.00%
Dai
$1.00+0.10%

Binance-Owned Indian Exchange Taps TRM Labs for Anti-Fraud Management

WazirX says the partnership is a reinforcement of its commitment to detecting and preventing illicit activity.

Jul 1, 2021 at 8:46 a.m. UTC
Updated Sep 14, 2021 at 1:19 p.m. UTC

WazirX – Binance's Indian crypto exchange – has tapped blockchain analytics provider TRM Labs to enhance its anti-fraud and anti-money laundering measures.

  • TRM Labs offers tools for wallet screening, transaction monitoring and investigations, according to an emailed statement Thursday.
  • Its monitoring capability extends to the Ethereum, Binance Smart Chain, Dogecoin, Cardano and Polygon networks among others.
  • WazirX regards the partnership as a reinforcement of its commitment to detecting and preventing illicit activity in the face of uncertainty in India about regulation of crypto assets in the future.
  • The exchange, which was acquired by Binance in 2019, says it's India's largest crypto exchange, with more than 6.5 million users and a monthly trading volume of $6.2 billion.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...