SINGAPORE, March 6, 2025 – LBank(lbank.com), a leading global cryptocurrency exchange, has officially partnered with Elliptic to enhance its compliance framework. This collaboration aims to further strengthen LBank’s security measures and risk control standards, ensuring the highest level of asset protection for its users.
As cryptocurrency adoption continues to expand globally, compliance remains a top priority for exchanges. With over 15 million users, LBank is committed to upholding the highest regulatory standards. By leveraging Elliptic’s expertise, LBank will integrate cutting-edge Know Your Transaction (KYT) and Anti-Money Laundering (AML) solutions to create a more secure and transparent trading environment.
Through this partnership, LBank will utilize Elliptic’s comprehensive compliance toolkit, which offers extensive asset coverage and real-time data insights. This integration will enable LBank to efficiently detect and mitigate high-risk activities by automatically screening transactions and wallets, tracing fund movements, and implementing robust risk management strategies.
"This partnership marks a significant step forward in LBank’s global compliance efforts. By maintaining a high degree of transparency and proactive self-regulation, LBank aims to contribute to the broader development of the crypto compliance ecosystem." Eric He, LBank’s risk control adviser stated.
Moreover, LBank has made significant progress in regulatory compliance, securing multiple licenses across various jurisdictions including the Italian VASP registration and Australia’s DCEP certification. Notably, in Q3 2024, LBank acquired the Alabama Money Transmitter License (MTL) along with several other state approvals, enabling it to operate as a licensed exchange in the United States.
With this strategic partnership, LBank continues to reinforce its commitment to compliance and security, fostering a safer and more transparent trading environment for its users worldwide, seamlessly connecting the trading ecosystem.
About LBank
Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With daily derivatives trading volume of more than $67 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets.
As a pioneer in the Meme coin market, LBank Crypto Exchange has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors.
Follow LBank for Updates
Website: https://www.lbank.com/
Twitter: https://twitter.com/LBank_Exchange
Telegram: https://t.me/LBank_en
Instagram: https://www.instagram.com/lbank_exchange
LinkedIn: https://www.linkedin.com/company/lbank
For media requests, please contact: Email: press@lbank.com
ABOUT ELLIPTIC
Elliptic is the global leader in blockchain analytics.We power the intelligence that enables financial institutions, crypto businesses and governments to make faster, smarter and safer decisions.
Our unrivalled blockchain coverage provides market leading transaction volumes, configurability, scalability and a best in class holistic ecosystem. Our data superiority is why the world’s leading institutions choose Elliptic to help them manage risk and investigate crime.
Elliptic is recognized as a WEF Technology Pioneer and backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group and Santander Innoventures.
Founded in 2013, Elliptic is headquartered in London with offices in New York, Washington D.C., UAE, Singapore and Tokyo. To learn more, visit www.elliptic.co and follow us on LinkedIn and X.
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