Launched in September 2021, LetsExchange is likely one of the fastest-growing crypto-exchange platforms within the European Union. It helps over 4,000 digital currencies—greater than every other trade available on the market. LetsExchange is designed to ship a seamless, safe, and quick consumer expertise by providing deep liquidity, cross-chain swaps, and a wide selection of crypto-to-crypto companies.
For B2B purchasers, LetsExchange presents a complete toolkit, together with an API, customizable trade widgets, white-label options, a branded Telegram bot, and plenty of extra. Their affiliate program has no incomes caps, so companions can simply create further income streams.
Nonetheless, as LetsExchange expanded globally, it encountered challenges frequent to fast-growing exchanges. Making certain compliance with worldwide AML rules, verifying a excessive quantity of transactions shortly, and defending customers’ funds as a non-custodial trade grew to become important priorities. That is the place AMLBot stepped in.
Challenges:
- Compliance with worldwide AML rules was difficult, given the platform’s intensive consumer base and wide selection of supported cryptocurrencies.
- Earlier compliance service suppliers triggered delays in fund verification, affecting the platform’s total efficiency.
- As a noncustodial trade, making certain the legality and safety of customers’ funds was important, requiring rigorous transaction monitoring.
Options:
- AMLBot’s KYT solution allowed LetsExchange to conduct complete checks on each transaction whereas sustaining transaction pace.
- Actual-time transaction monitoring and automatic pockets screening strengthened the platform’s safety, decreasing the danger of fraudulent actions.
- By eliminating delays and offering correct outcomes, LetsExchange noticed extra productiveness, permitting them to scale their companies with out compromising compliance.
Outcomes Achieved:
- Greater than 500,000+ checks had been carried out final 12 months, making certain every transaction met strict AML requirements.
- Due to AMLBot’s dependable companies, LetsExchange skilled zero points with the steadiness or accuracy of outcomes.
- Roughly 95% of transactions are completely reviewed inside three seconds, setting a brand new benchmark for environment friendly compliance.
- Due to rigorous safety measures, LetsExchange customers in 170+ nations are assured of the safety of their property.
By partnering with AMLBot, LetsExchange has not solely enhanced its compliance processes however has additionally considerably improved its operational effectivity. The platform is now higher outfitted to deal with its rising world consumer base, making certain safety and compliance at each step of the transaction course of.
Right here’s what LetsExchange needed to say about their expertise:
“A number of important components immediately have an effect on our work: the steadiness of the service, the variety of supported networks, and the accuracy of the outcomes.
With AMLBot, we’ve not encountered any points with the steadiness or accuracy of the outcomes. For LetsExchange, AMLBot is an instance of a associate we are able to at all times depend on. We obtain secure service and correct outcomes by means of a easy, user-friendly interface.”
— LetsExchange Crew
Launched in September 2021, LetsExchange is likely one of the fastest-growing crypto-exchange platforms within the European Union. It helps over 4,000 digital currencies—greater than every other trade available on the market. LetsExchange is designed to ship a seamless, safe, and quick consumer expertise by providing deep liquidity, cross-chain swaps, and a wide selection of crypto-to-crypto companies.
For B2B purchasers, LetsExchange presents a complete toolkit, together with an API, customizable trade widgets, white-label options, a branded Telegram bot, and plenty of extra. Their affiliate program has no incomes caps, so companions can simply create further income streams.
Nonetheless, as LetsExchange expanded globally, it encountered challenges frequent to fast-growing exchanges. Making certain compliance with worldwide AML rules, verifying a excessive quantity of transactions shortly, and defending customers’ funds as a non-custodial trade grew to become important priorities. That is the place AMLBot stepped in.
Challenges:
- Compliance with worldwide AML rules was difficult, given the platform’s intensive consumer base and wide selection of supported cryptocurrencies.
- Earlier compliance service suppliers triggered delays in fund verification, affecting the platform’s total efficiency.
- As a noncustodial trade, making certain the legality and safety of customers’ funds was important, requiring rigorous transaction monitoring.
Options:
- AMLBot’s KYT solution allowed LetsExchange to conduct complete checks on each transaction whereas sustaining transaction pace.
- Actual-time transaction monitoring and automatic pockets screening strengthened the platform’s safety, decreasing the danger of fraudulent actions.
- By eliminating delays and offering correct outcomes, LetsExchange noticed extra productiveness, permitting them to scale their companies with out compromising compliance.
Outcomes Achieved:
- Greater than 500,000+ checks had been carried out final 12 months, making certain every transaction met strict AML requirements.
- Due to AMLBot’s dependable companies, LetsExchange skilled zero points with the steadiness or accuracy of outcomes.
- Roughly 95% of transactions are completely reviewed inside three seconds, setting a brand new benchmark for environment friendly compliance.
- Due to rigorous safety measures, LetsExchange customers in 170+ nations are assured of the safety of their property.
By partnering with AMLBot, LetsExchange has not solely enhanced its compliance processes however has additionally considerably improved its operational effectivity. The platform is now higher outfitted to deal with its rising world consumer base, making certain safety and compliance at each step of the transaction course of.
Right here’s what LetsExchange needed to say about their expertise:
“A number of important components immediately have an effect on our work: the steadiness of the service, the variety of supported networks, and the accuracy of the outcomes.
With AMLBot, we’ve not encountered any points with the steadiness or accuracy of the outcomes. For LetsExchange, AMLBot is an instance of a associate we are able to at all times depend on. We obtain secure service and correct outcomes by means of a easy, user-friendly interface.”
— LetsExchange Crew
