Compliance and security are two sides of the same coin. As the industry enters a more mature stage of development, how to ensure the security of user assets while meeting increasingly stringent regulatory requirements around the world is a must-answer question for industry builders.
Since its establishment in 2015, LBank has covered 210+ countries and regions and has more than 15 million registered users. The platforms daily derivatives trading volume reaches 67 billion US dollars, supports more than 800 cryptocurrencies, and the daily spot trading volume is 2.7 billion US dollars. As the worlds leading cryptocurrency trading platform, LBank has always placed user asset security and compliance operations at the core of its business development. Recently, LBank has reached a cooperation with Elliptic, a world-leading crypto compliance solution provider. The platform has taken another important step in compliance construction and further strengthened its security protection system in the global market.
LBank’s Global Compliance Game
After nine years of hard work, LBank has already accumulated significant advantages in multiple fields. As the worlds earliest coin listing platform, LBank can complete the coin listing process within less than 1 hour after the asset is minted, providing users with the earliest opportunity to contact new projects. In the field of Meme coins, LBank has achieved depth first , with a total of 240+ mainstream Meme coins listed, and 40+ high-quality Memes have increased by more than 500%. The pre-market trading has brought users an average return of up to 70 times, and the pre-market compensation activities have been launched to protect user rights. LBank has accumulated reputation through the wealth effect and has accumulated more than 15 million users.
However, in an era of stricter regulation, advantages in technology, cognition, and trading experience alone are far from enough. Only by continuously embracing compliance can we maintain our advantages and long-term development in the increasingly fierce market competition. To meet this challenge, LBank has officially taken action to comprehensively upgrade its compliance strategy.
On March 6, 2025, LBank and Elliptic established a strategic partnership to collaborate on compliance frameworks and security measures. By integrating Elliptics transaction monitoring (KYT) and anti-money laundering (AML) solutions, LBank aims to establish a safer and more transparent trading environment and provide a higher level of asset protection for more than 15 million users worldwide.
In fact, before cooperating with Elliptic, LBank has obtained regulatory licenses in multiple jurisdictions around the world. The platform already holds multiple licenses such as Italian VASP registration, Canadian MSB, and Australian DCEP certification. In particular, in the third quarter of 2024, LBank successfully obtained the Alabama Money Transmission License (MTL) and approval from several other states, enabling it to legally operate in the US market as a licensed trading platform.
Back in 2023, LBank became a member of the Korean CODE VASP Alliance. The Korean CODE VASP Alliance was jointly established by the three major Korean crypto trading platforms Bithumb, Coinone and Korbit, and adopted the CODE Travel Rule solution recommended by the Financial Action Task Force (FATF). By joining the alliance, LBank has established fund access channels with major Korean trading platforms such as Bithumb, Korbit and Coinone. On August 22, 2023, Bithumb officially opened a whitelist with LBank, enabling Korean users to transfer funds between the two platforms.
As global regulatory policies become increasingly clear, LBank not only reduces compliance risks but also provides users with a safer and more reliable trading environment by actively adapting to regulatory requirements in different regions.
Technology builds a shield and protects funds: from 1.2 billion risk control defense to 100 million active protection
While strengthening its compliance layout, LBank has also spared no effort in building a security system. Data shows that as of 2024, LBank has successfully prevented potential security threats worth up to $1.2 billion, of which 45% (about $540 million) came from suspicious withdrawal activities.
Here, the intelligent risk control system that LBank has carefully built over the years plays a key role. Different from the traditional passive defense mode, LBanks intelligent risk control system is based on artificial intelligence and machine learning technology, which realizes all-weather, all-round real-time monitoring and behavior analysis. Once abnormal transaction patterns or suspicious behaviors are found, the system will immediately trigger a multi-level security protection mechanism.
In a typical case, LBanks risk control system successfully identified a suspicious withdrawal request worth $3.2 million. After the system triggered the alarm, the professional risk control team immediately launched the emergency response program and completed the freezing of the relevant accounts in just two minutes, effectively preventing possible large-scale asset losses. This human-machine collaboration security defense mode provides LBank users with an almost iron wall-like guarantee for asset security.
LBanks commitment to user asset security goes beyond passive defense, but is also reflected in proactive and innovative risk control mechanisms.
On March 12, 2025, LBank launched a $100 million Contract Risk Protection Fund, setting a new industry benchmark for trader security and market fairness. This initiative aims to effectively mitigate the impact of abnormal market fluctuations and ensure that users can trade in an environment with confidence. The $100 million contract risk protection fund is one of the most comprehensive safeguards, turning market fluctuations into opportunities. At the same time, the use of USDT for seamless settlement eliminates complexity and ensures a fair, fast and transparent risk management experience.
This innovative mechanism perfectly complements LBanks existing intelligent risk control system, building a comprehensive security closed loop from prevention to compensation, providing double protection for user asset security.
Pole Vaulting: Advanced Development of Mutual Trust and Responsibility
Based on a solid foundation of compliance and security, LBank has made a pole-vaulting leap. In the CoinGecko spot ranking, LBank ranks in the top 12 in the world and in the top 8 in the CoinMarketCap derivatives ranking. As the worlds leading cryptocurrency trading platform, LBank has unique insights into the development of the industry and has locked in Meme, a key track with unlimited growth potential, long before the market. It is this high cognitive advantage that has driven the leapfrog growth of the platform. In 2024, LBank launched a total of 853 assets, including 371 Meme assets, accounting for 43%. The average return rate of the top 30 best-performing Meme coins in 2024 reached 6,500%, creating huge wealth appreciation space for users.
LBank not only focuses on creating direct wealth effects for users, but also pays more attention to the healthy construction and long-term sustainable development of the entire industry ecosystem. In the highly-watched Slerf incident, LBank, as the first donor, also assumed the custody responsibility of the donation address, fully demonstrating the platforms high sense of responsibility and commitment to ecological security. In addition, LBank has established in-depth strategic cooperation with GMGN.AI to jointly promote the arrival of the Meme Super Cycle and inject new vitality into the prosperity and development of the entire Meme ecosystem.
LBank demonstrated its industry responsibility in the DEXX security incident. In November 2024, DEXX was hacked and more than $21 million of user funds were stolen. When DEXX was in trouble in its self-rescue process, LBank took the lead in launching an assistance plan with six pioneers, jointly providing $15 million in donations to support the DEXX platform to start compensation and restart procedures, bringing important protection to users in trouble.
In addition to the law of the jungle of survival of the fittest in the crypto world, there is also a path of common development based on mutual trust and responsibility. When the platform puts security and compliance first and sincerely gives back to the ecosystem, user recognition and support will come naturally.
Industry Resilience: Security and Compliance
After the early years of wild growth, the crypto industry is now cautiously pursuing a long-term development path and the recognition of the global mainstream society. The entire industry is struggling but determined to get rid of the shadow of disorderly expansion, eager to build a more resilient and mature development ecosystem. In this transformation process, compliance and security are undoubtedly the two key forces to expand the boundaries of the industry and enhance its resilience.
The current industry is at a critical historical juncture: on the one hand, regulatory frameworks in various countries are becoming increasingly complete, and industry participants are facing unprecedented compliance challenges; on the other hand, technological innovation and market demand are still emerging, injecting new vitality and possibilities into the industry. Industry builders need to explore the balance between stable operations and innovative development.
LBank regards compliance as infrastructure rather than a constraint. While strictly following regulatory requirements, it still maintains market acumen and innovative vitality. It decisively bets on the Meme track, launches a series of actions such as pre-market trading compensation activities, and brings rich wealth effects to users.
This user-first philosophy is not only reflected in daily operations, but also fully verified in times of crisis. Whether it is proactively launching protection mechanisms during periods of drastic market fluctuations, or stepping forward to provide assistance when industry partners are attacked by hackers, LBank always stands on the side of users and the industry, and interprets the weight of the word responsibility with practical actions.
As a witness and active participant in this era of change, LBank has always believed that protecting the interests of users is the only correct way forward. Unremitting efforts in the journey of compliance and security are not only a solemn commitment to more than 15 million users, but also a responsibility for the future of the entire industry.
Safety and compliance have never been a burden, but rather the wings to a broader future.
About LBank
Founded in 2015, LBank is a leading global cryptocurrency trading platform with 15 million+ registered users covering 210+ countries and regions. With a daily trading volume of over $67 billion and supporting over 800 cryptocurrencies, LBank is committed to providing users with a diversified and convenient trading experience. Through innovative trading solutions, LBank helps users achieve an average return of over 130% when new assets are listed.
As a pioneer in the Meme coin market, LBank has launched 240+ mainstream Meme coins and 40+ Golden Dog Meme coins, and the increase of multiple Golden Dog Meme coins has exceeded 500%. With the industry-leading number of Meme coins launched, LBank has become an ideal platform for Meme coin investors.
