Case Study: BitMEX reduces AML risk exposure by 88% with Chainalysis

BitMEX reduces AML risk exposure by 88% with Chainalysis

BitMEX, a P2P crypto trading platform, faced significant challenges in managing its on-chain Anti-Money Laundering (AML) risk exposure and needed to reduce its exposure to illicit activity. To address this, BitMEX implemented a comprehensive compliance program and selected Chainalysis to support it using their Crypto Compliance and Crypto Investigations solutions.

By using Chainalysis for real-time transaction monitoring and advanced blockchain analysis, BitMEX successfully reduced its on-chain AML risk exposure by 88%, from 1.7% in 2019 to 0.2% in 2024. This measurable improvement, which is 35% below the global average for illicit activity, marks the lowest risk exposure in the platform's history and demonstrates the effectiveness of the solutions provided by Chainalysis.

Bitmex