ETC Group Appoints Blockchain Analytics Leader, Crystal, To Provide Chain Analysis Services

ETC Group Appoints Blockchain Analytics Leader, Crystal, To Provide Chain Analysis Services | ETC Group
Press Release

Crystal will use real-time data to analyse blockchain transactions and mitigate risk for investors, in partnership with ETC Group

1st September, 2022. London, UK - ETC Group (www.etc-group.com), Europe's leading specialist provider of institutional-grade, digital asset-backed securities, announces today that Crystal, has been appointed to provide chain analysis services.

ETC Group follows best practice. Accordingly, partnering with Crystal was a logical step to analyse the on-chain history and provenance of incoming crypto. Crystal assigns a score to incoming coins based on industry standards and their extensive database of wallet addresses associated with suspicious activity.

By ranking risks and indicating potentially irregular activities, Crystal's real-time data and 24/7 monitoring and screening solution, aids in the mitigation of risk and helps compliant and data-driven decision making across compliance teams.

Investors can have peace of mind knowing that their investments are legitimate and less risky as we include third party, like Crystal, checks on all blockchain transactions,

said Bradley Duke, Co-CEO and Founder at ETC Group.

By providing traceable and compliant crypto, the entire process becomes more transparent meaning safer transactions and a healthier crypto eco-system. This is all part of our efforts to maintain the quality and integrity of the crypto backing our institutional grade products.

Marina Khaustova, CEO at Crystal Blockchain says,

We at Crystal Blockchain are delighted to partner with ETC Group to bring best-in-class digital assets analytics services to their business and their clients. Crystal's ability to power crypto risk mitigation via transactional monitoring means that ETC Group and their customers can be assured of following best practices to meet all regulatory standards.

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