The analytical company CipherTrace has added support for more than 700 crypto assets to its platform, including USDT, LTC and ETH, as well as many tokens of the ERC-20 standard.
According to the company, users will be able to check for potential risks 87% of the trading volume of cryptocurrencies included in the TOP-100 by capitalization. In addition, in the near future, the company plans to add support for a number of tokens and stablecoins.
CipherTrace API allows you to track user addresses, as well as receive data on transactions, exchanges and smart contracts. According to the developers, the advanced CipherTrace Cryptocurrency Intelligence platform is aimed at combating money laundering and terrorist financing, as well as at ensuring a higher level of trust of regulators.
“By helping blockchain companies secure their networks from being used by criminals, cryptocurrencies will be deployed in various fields much faster and on a large scale,” said Dave Jevans, CipherTrace CEO.
The platform will be able to use both financial and state organizations, as well as judicial institutions. In addition, CipherTrace will allow blockchain companies and cryptocurrency exchanges to protect themselves from non-compliance with tougher regulatory requirements.
“Every day, huge amounts of funds go through altcoins. Our platform is focused on the disclosure of illegal transactions in the blockchain and the elimination of all gaps in this industry, ”company representatives said.
Recall that in April, the largest cryptocurrency exchange Binance announced a partnership with CipherTrace, in which it will apply the company’s decision to combat money laundering.
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