Wazirx logo on phone screen

According to a WazirX press release from 1 July, the collaboration with TRM will enhance the anti-money laundering and anti-fraud measures on the WazirX exchange. TRM Labs provides a platform for crypto compliance and risk management, including tools for wallet screening, transaction monitoring and investigations. The platform also provides one of the most extensive coverages in the industry, with its monitoring capability spanning over 20 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Cardano, and Dogecoin.

WazirX’s collaboration with TRM is a result of a surge in cryptocurrency usage India has seen in the past several months. The Supreme Court’s loosening restrictions on providing banking services to cryptocurrency businesses have led to a significant increase in trading volume on Indian exchanges, including WazirX.

“Ensuring that our operations are secure and compliant with global regulatory requirements is critical to our success; at the same time, we want to meet our customers’ expectations for fast, seamless transactions,” said Nischal Shetty, the founder and CEO of WazirX. “TRM’s platform helps us achieve this balance with an anti-money laundering solution that’s easy for large compliance teams to use, but also underpinned by best-in-class blockchain analytics.”


Esteban Castano, the CEO of TRM Labs, said that their platform was designed for forward-thinking businesses like WazirX that need to move quickly to meet high regulatory standards and consumer demand.

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