Question 1

How does Elliptic work?

Accepted Answer

Elliptic works by providing blockchain analytics and crypto compliance solutions that trace transactions across the entire crypto ecosystem. It offers real-time wallet screening, automated transaction monitoring, and cross-chain investigations. Elliptic's platform utilizes a vast dataset of over 100 billion data points covering 98% of the crypto market to provide accurate risk assessment and visualization of cross-chain and cross-asset value transfers.

Question 2

Is Elliptic a secure platform?

Accepted Answer

Elliptic is recognized as a trusted and secure platform, partnering with major financial institutions, crypto businesses, law enforcement agencies, and regulators worldwide. The company emphasizes data precision and is considered the gold standard in crypto-related regulatory compliance, allowing users to meet rigorous AML compliance requirements. Elliptic's security measures and extensive dataset enable accurate and efficient identification of anomalies in digital asset transactions, reducing false positives and ensuring compliance in the rapidly evolving crypto market.

Question 3

How to use Elliptic?

Accepted Answer

To use Elliptic, users can integrate its API into their existing business systems or utilize its web-based interface for blockchain analytics and compliance operations. The platform allows users to screen crypto wallets in real-time, generate holistic risk profiles, and conduct automated transaction monitoring across over 500 cryptoassets. Elliptic also offers customizable risk rules, enabling users to tailor the platform to their specific risk appetite and compliance needs.

Question 4

What services does Elliptic offer?

Accepted Answer

Elliptic offers a range of services including real-time wallet screening, automated transaction monitoring, and cross-chain investigations for crypto compliance and financial crime prevention. The company provides tools for assessing financial crime risk using both on-chain and off-chain data for crypto exchanges, custodians, and other cryptoasset businesses. Additionally, Elliptic offers resources, education, and training for crypto compliance and law enforcement, helping users stay informed about the latest developments in the crypto regulatory landscape.