BitMEX, one of the world's largest crypto trading platforms, has partnered with Solidus Labs to strengthen BitMEX's trade surveillance capabilities across its spot and derivatives markets, reinforcing its commitment to market integrity and regulatory compliance.
BitMEX recognized the growing need to enhance its trade surveillance capabilities to effectively detect and prevent potential abusive behaviors across its expanding Spot and Derivatives markets. With the surge in trading volumes and evolving regulatory expectations, BitMEX faced the challenge of ensuring real-time monitoring and detection of suspicious trading activities to maintain a secure and trustworthy trading environment for its users.
With the Solidus Labs' industry-leading crypto-native technology, BitMEX gained access to:
- Cross-Market Surveillance: monitoring activity across both spot and derivatives markets, offering a holistic view of potential market abuse.
- Machine Learning-Powered Detection: Advanced algorithms identify suspicious trading behavior in real-time, enabling swift intervention.
This expanded partnership builds upon the initial success of integrating Solidus HALO for transaction monitoring within BitMEX's compliance program. It signifies BitMEX's unwavering dedication to:
- Market Integrity: Enhanced trade surveillance safeguards against market manipulation..
- Regulatory Compliance: Advanced detection capabilities ensure BitMEX meets evolving regulatory expectations.
By investing in innovative technologies like Solidus HALO, BitMEX demonstrates its commitment to providing a secure and trustworthy trading environment for its users while adapting to the dynamic regulatory environment and market conditions.
Our commitment to providing a secure and compliant trading platform remains unwavering. The extension of our partnership with Solidus Labs reflects this commitment as we continue investing in our compliance program and protecting the integrity of our markets. The further enhancement of our existing trade surveillance capabilities will serve to safeguard our platform, prevent market abuse, protect our customers, and help us meet evolving regulatory expectations.
Julian Tehan
,
Chief Compliance Officer
,
BitMEX
