Case Study: Foxbit improves compliance efficiency with Chainalysis

Foxbit improves compliance program efficiency without increasing headcount

Foxbit, a Brazilian cryptocurrency exchange founded in 2014, needed a better way to reduce manual effort in transaction monitoring and expand blockchain coverage across its growing trading, payments, and crypto-as-a-service offerings. Using Chainalysis Crypto Risk and Crypto Investigations, Foxbit wanted to ensure it could screen all transactions, identify suspicious activity faster, and maintain strong compliance without adding headcount.

Chainalysis provided Foxbit with broader blockchain coverage, streamlined onboarding and integration through its Fireblocks connector, and automated alerting and reporting for suspicious transactions. As a result, Foxbit estimates it eliminated manual oversight of 30%–40% of transactions, and just three employees can now confidently run compliance across all lines of business.

Foxbit

Rodrigo Ikegaya

Product & Business Director And Chief Product Officer