Coinbase relies on Elliptic for decade-long on-chain risk screening

For over a decade, Coinbase has relied on Elliptic to monitor and mitigate on-chain risks across billions of transactions. This partnership has been crucial for the exchange, which needs to maintain compliance while managing the complexities of the crypto ecosystem. Coinbase faces challenges like tracking risks across multiple blockchains, navigating obfuscation tactics such as mixers and bridges, and meeting evolving regulatory standards from bodies like the SEC and international organizations.

Elliptic's solution provides Coinbase with scalable screening capabilities that can handle billions of transactions, including surges in volume, without slowing down compliance operations. It offers visibility into risks moving across chains and through various obfuscation methods, while also delivering precise risk signals that help the compliance team make informed decisions. The platform ensures that every alert comes with full evidence, allowing the team to act confidently.

Court Hillman, director of Coinbase's compliance team, highlights the longevity of the partnership, noting that Elliptic's attention to detail and data accuracy have been key factors in their continued collaboration. The relationship underscores the importance of reliable compliance tools in the rapidly evolving crypto space.