CoinDCX announces strategic alliance with Solidus labs

CoinDCX, India’s crypto unicorn, and crypto trade announced today that it is making crypto-native risk monitoring firm Solidus Labs its strategic compliance partner.

CoinDCX in an organization with Solidus will forge greater trust and transparency on its platform, and cement its leadership as India’s number one digital asset exchange, the organization stated.

As indicated by an official statement, both organizations are aiming to protect their clients from known forms of market misuse and a plethora of emerging crypto-specific risks.

CoinDCX co-founder, Neeraj Khandelwal said, “As India’s most secure crypto trade, security and transparency are paramount pillars that have made CoinDCX a trusted partner in our clients’ trading journey.”

Asaf Meir, co-founder and CEO of Solidus Labs, said, “With the crypto business seeing increasing incidences of crimes and malicious activity, it is critical for digital asset organizations to ramp up their crypto-native trade surveillance and risk monitoring capabilities.”

This association with Solidus Labs will improve CoinDCX’s compliance with the Financial Action Task Force’s (FATF). This will also counter money laundering and combat the financing of terrorism, the joint statement said.