Compliance and security, two sides of the same coin. As the industry enters a more mature stage of development, how to meet the increasingly stringent regulatory requirements around the world while ensuring the security of user assets is a must-answer question for industry builders.
Since its establishment in 2015, LBank has covered 210+ countries and regions, with over 15 million registered users. The platform's derivative trading volume reaches $67 billion per day, supporting over 800 cryptocurrencies, with a daily spot trading volume of $2.7 billion. As a leading global cryptocurrency exchange platform, LBank has always placed user asset security and compliant operations at the core of its business development. Recently, LBank has reached a cooperation with Elliptic, a global leading crypto compliance solution provider, taking an important step forward in its compliance efforts and further strengthening its global market security protection system.
LBank's Global Compliance Landscape
After nine years of hard work, LBank has already accumulated significant advantages in multiple tracks. As the platform that "lists new assets the earliest globally", LBank can complete the listing process in less than 1 hour after the asset is minted, providing users with the earliest opportunity to access new projects. In the Meme coin sector, LBank has achieved "depth first", having listed over 240 mainstream Meme coins, with over 40 high-quality Meme coins seeing gains of over 500%. The launch of pre-market trading has brought users an average return of up to 70 times, and LBank has also launched a pre-market refund campaign to protect user rights. LBank has accumulated over 15 million users through the wealth effect.
However, in an era of tightening regulations, technical, cognitive, and trading experience advantages alone are far from enough. Only by continuously embracing compliance can the platform maintain its advantages in the increasingly fierce market competition and sustain long-term development. To address this challenge, LBank has officially taken action and comprehensively upgraded its compliance strategy.
On March 6, 2025, LBank established a strategic partnership with Elliptic, with both parties collaborating on compliance frameworks and security measures. By integrating Elliptic's transaction monitoring (KYT) and anti-money laundering (AML) solutions, LBank aims to establish a safer and more transparent trading environment, providing its over 15 million global users with a higher level of asset protection.
In fact, even before the cooperation with Elliptic, LBank had already obtained regulatory licenses in multiple jurisdictions globally. The platform holds VASP registration in Italy, MSB in Canada, and DCEP certification in Australia, among other licenses. Particularly in the third quarter of 2024, LBank successfully obtained the Money Transmitter License (MTL) in Alabama and approvals in several other states, allowing it to operate as a licensed trading platform in the US market.
Tracing back to 2023, LBank became a member of the Korean CODE VASP Alliance. The Korean CODE VASP Alliance, formed by the three largest crypto exchanges in Korea - Bithumb, Coinone, and Korbit - adopts the FATF-recommended CODE Travel Rule solution. By joining this alliance, LBank established fund deposit and withdrawal channels with the major Korean exchanges Bithumb, Korbit, and Coinone. On August 22, 2023, Bithumb officially opened its whitelist to LBank, enabling Korean users to transfer funds between the two platforms.
In the current landscape of increasingly clear global regulatory policies, by proactively adapting to the regulatory requirements of different regions, LBank has not only reduced compliance risks but also provided users with a more secure and reliable trading environment.
Technology as a Shield, Capital as an Escort: From $1.2 Billion in Risk Control Defense to $100 Million in Proactive Assurance
While strengthening its compliance layout, LBank has also spared no effort in building its security system. Data shows that as of 2024, LBank has successfully prevented potential security threats worth up to $1.2 billion, with 45% (about $540 million) coming from suspicious withdrawal activities.
A key role in this has been played by LBank's meticulously constructed intelligent risk control system. Unlike traditional passive defense models, LBank's intelligent risk control system, based on AI and machine learning technologies, achieves 24/7 real-time monitoring and behavioral analysis. Once it detects abnormal transaction patterns or suspicious activities, the system immediately triggers multi-level security protection mechanisms.
In a typical case, LBank's risk control system successfully identified a suspicious withdrawal request worth $3.2 million. After the system triggered an alert, the professional risk control team immediately launched an emergency response procedure and completed the account freezing operation within just two minutes, effectively preventing a potentially massive asset loss. This "human-machine collaboration" security defense model provides LBank users with virtually "impregnable" asset protection.
LBank's commitment to user asset security goes beyond passive defense, also manifesting in proactive innovation of risk control mechanisms.
On March 12, 2025, LBank launched a $100 million "Contract Risk Assurance Fund", setting a new industry benchmark for trader security assurance and market fairness. This initiative aims to effectively mitigate the impact of abnormal market fluctuations, ensuring that users can trade with full confidence. The $100 million Contract Risk Assurance Fund is one of the most comprehensive protection measures, transforming market volatility into opportunities. Meanwhile, using USDT for seamless settlement eliminates complexity and ensures a fair, fast, and transparent risk management experience.
This innovative mechanism, combined with LBank's existing intelligent risk control system, forms a comprehensive security closed loop from prevention to compensation, providing users with dual protection for their assets.
Vaulting Forward: A Higher Level of Mutual Trust and Responsibility
Based on a solid foundation of compliance and security, LBank has completed a pole vault-like leap. In the CoinGecko spot ranking, LBank is among the top 12 globally, and in the CoinMarketCap derivatives ranking, it is in the top 8. As a leading global cryptocurrency exchange platform, LBank has unique insights into the industry development trends and locked in on the Meme sector, which has infinite growth potential, much earlier than the market. This high cognitive advantage has driven the platform's leapfrog growth. In 2024, LBank listed a total of 853 assets, including 371 Meme assets, accounting for 43%. The top 30 best-performing Meme coins achieved an average return of 6,500% in 2024, creating a massive wealth appreciation opportunity for users.
LBank not only focuses on creating direct wealth effects for users but also attaches great importance to the healthy development and long-term sustainability of the entire industry ecosystem. In the widely-discussed Slerf incident, LBank was the first donor and also took on the responsibility of hosting the donation address, fully demonstrating the platform's high sense of responsibility and commitment to ecosystem security. Furthermore, LBank has established a deep strategic partnership with GMGN.AI, jointly driving the arrival of the "Meme Super Cycle" and injecting new vitality into the prosperity of the entire Meme ecosystem.
LBank demonstrated industry responsibility in the DEXX security incident. In November 2024, DEXX was hacked, and over $21 million in user funds were stolen. As DEXX struggled to self-rescue, LBank took the lead in launching an aid plan with six pioneers, collectively providing $15 million in donation funds to support DEXX's compensation and restart procedures, bringing important assurance to users in distress.
Beyond the "jungle law" of survival of the fittest in the crypto world, there is also a path of mutual trust and shared responsibility. When a platform places security and compliance at the forefront and sincerely gives back to the ecosystem, user recognition and support will naturally follow.
Industry Resilience: Safety and Compliance
After the years of early reckless growth, the cryptocurrency industry is now cautiously pursuing a long-term development path and seeking recognition from the mainstream global society. The entire industry is struggling but firmly shaking off the shadow of disorderly expansion, aspiring 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 industry's boundaries and enhance its resilience.
The industry is now at a critical historical juncture: on the one hand, regulatory frameworks in various countries are becoming increasingly sophisticated, posing unprecedented compliance challenges for industry participants; on the other hand, technological innovation and market demand are constantly emerging, injecting new vitality and possibilities into the industry. Industry builders need to explore the balance point between stable operations and innovative development.
LBank regards compliance as infrastructure rather than a constraint. While strictly adhering to regulatory requirements, it has maintained market acuity and innovative vitality, decisively betting on the Meme coin track and launching a pre-trading compensation activity, bringing substantial wealth effects to users.
This "user-centric" philosophy is not only reflected in daily operations, but also fully validated in times of crisis. Whether it's proactively launching protection mechanisms during periods of market volatility or standing up to provide assistance when industry partners are attacked by hackers, LBank has always stood on the side of users and the industry, interpreting the weight of the word "responsibility" through concrete actions.
As a witness and active participant in this era of change, LBank firmly believes that safeguarding user interests is the only correct path forward. Unremitting efforts in the journey of compliance and security are not only a solemn commitment to its 15 million+ users, but also a responsibility to the future of the entire industry.
Safety and compliance have never been a burden, but wings to a broader future.
About LBank
Established in 2015, LBank is a leading global cryptocurrency trading platform with over 15 million registered users covering 210+ countries and regions. LBank's derivatives trading volume exceeds $67 billion per day, supporting over 800 cryptocurrencies. 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 cumulatively listed 240+ mainstream Meme coins and 40+ large MC Meme coins, with the price of many large MC Meme coins surging over 500%. Leveraging its industry-leading Meme coin launch capabilities, LBank has become the ideal platform for Meme coin investors.
