Chainalysis Boosts Monitoring with Expanded Digital Asset Coverage

Blockchain analysis firm Chainalysis expands its monitoring tools to include ten popular digital assets, enabling users to investigate and track transactions involving Bitcoin, Ether, Binance Coin, and others. The firm's Reactor and KYT analytics platforms provide real-time monitoring, allowing organizations to visualize connections between addresses and services across supported cryptocurrencies, including stablecoins. Chainalysis aims to enhance coverage by adding more currencies in the future, continuously identifying new real-world services for comprehensive monitoring.

Chainalysis Enhances Monitoring Capabilities with Expanded Digital Asset Coverage

New York, NY - April 24, 2023 - Chainalysis, a leading provider of blockchain intelligence solutions, has announced a significant expansion of its monitoring tools and the scope of its flagship Chainalysis Reactor and Chainalysis KYT (Know Your Transaction) analytics platforms.

Enhanced Real-Time Monitoring

Chainalysis's comprehensive blockchain intelligence platform empowers organizations to effectively monitor cryptocurrency transactions across multiple blockchains and identify suspicious activities linked to illicit financing. With this latest release, Chainalysis users now have the ability to effortlessly enter the name of any service into either Reactor or KYT and instantly visualize its connections with ten widely adopted digital assets.

"You can now enter the name of any service in Reactor and see it represented across all supported cryptocurrencies," stated Chainalysis in an official blog post. "Once added to a graph, flows between addresses are mapped using an intuitive user interface overlaid with context from on and off the blockchain. KYT customers can monitor their organization's total risk exposure across all supported currencies."

Supported Digital Assets

The expanded monitoring capabilities encompass a diverse range of digital assets, including established cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB), as well as stablecoins like Gemini Dollar (GUSD), Tether (USDT), and USD Coin (USDC). Chainalysis's commitment to continuous innovation extends to the inclusion of Paxos Standard (PAX), Litecoin (LTC), and True USD (TUSD) within Reactor's monitoring scope.

Ongoing Expansion

Chainalysis is actively working to bolster its currency coverage even further, with plans to incorporate additional digital assets in the coming months. The company's extensive research capabilities have enabled it to map thousands of real-world services, including reputable exchanges, merchant providers, darknet markets, and fraudulent entities. These identifications are continuously updated, expanding the platform's data coverage by millions of addresses on a monthly basis.

Improved Risk Mitigation

By expanding its monitoring capabilities, Chainalysis empowers organizations to proactively identify and mitigate risks associated with digital asset transactions. The platform's ability to track and analyze the flow of funds across various cryptocurrencies provides a comprehensive view of financial activities, facilitating the detection of suspicious patterns or illicit connections.

Chainalysis's commitment to providing cutting-edge blockchain intelligence solutions ensures that organizations can leverage the latest technological advancements to enhance their compliance and risk management strategies. The expansion of Reactor and KYT's monitoring scope exemplifies the company's dedication to empowering organizations with the tools they need to navigate the increasingly complex digital asset landscape.