BitMEX and Solidus Labs Extend Partnership to Enhance Cross-Market Surveillance

BitMEX and Solidus Labs Expand Partnership to Improve Cross-Market Surveillance

Solidus' HALO platform, a crypto market integrity center, will further enhance BitMEX's ability to detect potential abusive behavior in its spot and derivatives markets.

BitMEXone of the world's largest crypto trading platforms, today announced the expansion of its partnership with Solidus Laboratories, a category-defining crypto-native market integrity solutions provider. Building on the success of their initial collaboration that focused on transaction monitoring, BitMEX and Solidus Labs are now expanding their partnership to further bolster trade surveillance capabilities and strengthen the integrity of crypto derivatives trading.

The collaboration between BitMEX and Solidus Labs began in October 2022 with the integration of Solidus' HALO platform, to enhance BitMEX's ability to perform AML transaction monitoring as part of its Financial Crimes Compliance program.

The partnership aims to incorporate HALO, Solidus' extensive crypto-native trade surveillance and market integrity center, into the BitMEX platform. It will further enhance BitMEX's existing ability to detect suspicious trading activities and enable real-time responses by leveraging machine learning-powered trading surveillance detection models.

julian tehanChief Compliance Officer at BitMEX, commented on the expansion, saying: "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 to invest in our compliance program and protecting the "

Solidus' HALO, a high-octane engine designed for speed and reliability, monitors a wide range of markets, including derivatives, to identify abnormal or suspicious trading activity. Its detection models will now play a critical role in safeguarding the integrity of the BitMEX platform, helping to protect against market abuse and manipulation of its prices or volumes, contributing to a safe and reliable trading environment for BitMEX users. BitMEX.

Asaf Meir, founder and CEO of Solidus Labs, shared his thoughts on the expanded partnership and the broader crypto landscape, stating: “The recent approval of the Spot Bitcoin ETF has sparked market interest. As a result of price volatility, crypto derivatives trading volumes have increased substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to seamlessly and securely scale trading surveillance across its growing trading volumes and provide the necessary safeguards for new product launches. “We are proud to stand alongside BitMEX as a partner, providing cutting-edge tools and information to navigate these exciting developments and contribute to the maturation of the crypto market.”

For more information about BitMEX, visit their website or contact press@bitmex.com.

About BitMEX

BitMEX stands as a leading global crypto derivatives exchange and offers traders a professional-grade trading platform. Since its inception in 2014, BitMEX has maintained an impeccable security record and “never has a coin been lost!” In 2015, BitMEX revolutionized the market by inventing the Perpetual Swap, which has since become the most traded crypto product.

To learn more about BitMEX, visit www.bitmex.comand continue Discord, Telegram and Twitter.

About Solidus Laboratories

Solidus Labs defines the category of crypto market integrity solutions: trade surveillance, transaction monitoring and threat intelligence. Our mission is to enable secure crypto trading throughout the investment process across all centralized and DeFi markets. As founder of industry-leading initiatives such as Crypto Market Integrity Coalition and DACOM Summit, and in everything we do, Solidus is deeply committed to ushering in the financial markets of tomorrow. For more information, visit: https://soliduslabs.com.

BitMEX Media

Benjamin Usner

press@bitmex.com

Solidus Labs Media

Trevor Davis

Gregory FCA for Solidus Laboratories

443.248.0359

trevor@gregoryfca.com

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