Crystal Blockchain is an advanced blockchain explorer and analytics tool that provides a solution for Virtual Asset Service Providers (VASPs) and crypto regulators to untangle blockchain addresses and transactions, along with other blockchain entity connections.
Users can confidently interact with and manage risk for virtual assets and asset connections through an unrivaled investigative toolset. This enables organizations to operate safely and securely while allowing compliance officers to do their job more efficiently.
Crystal helps to understand where cryptocurrencies are flowing from and to. By identifying entities behind transactions, Crystal enables risk-based assessment so law enforcement agencies and compliance teams can be certain about the provenance of funds.
Crystal’s primary customers are banks and financial institutions, virtual asset service providers (VASPs), crypto exchanges and businesses, and government agencies. More details on specific features and platform solution use cases can be found on Crystal’s designated customer pages:S
Crystal currently supports Bitcoin, Bitcoin SV, Tether, Bitcoin Cash, Litecoin, Ethereum (including ERC-20, ERC-721), Ethereum Classic, Stellar, Ripple, Dogecoin, Dash, Zcash, Algorand, Tron (including TRC-20), EOS, Solana, Matic, Cardano, Binance Smart Chain (including BEP-20) with more coins to be added soon.
Crystal provides real-time risk assessment capabilities for evaluating and comparing risks associated with multiple blockchain transactions and their connections. The platform gives a risk score based on blockchain interactions for a comprehensive assessment. In addition, users can set up alerts based on different parameters and changes that occur with monitored transactions (KYT). Users can utilize Crystal’s monitoring systems to improve AML/ KYC procedures.
Yes, it can. Crystal constantly updates the platform database to provide up-to-date information on thousands of dark market service addresses. In addition to providing identification for a broad array of darknet entities, the Crystal team has produced in-depth market analysis and trend reports to ensure Crystal users have complete confidence in our awareness and understanding of the darknet. You can find our report on crypto activity in the darknet by following this link.
Crystal regularly collects and analyzes data from 1,500 different public sources, assessing the ownership of addresses that can be publicly found on the internet and fund transfers through online platforms to determine compliance procedures. In addition to this, Crystal purchases data from reliable vendors and consistently monitors the internet on the subject of malware attacks, thefts, and any other illicit activities involving cryptocurrencies.
Crystal continuously updates its list of entities, so if a major exchange is missing, the team is likely to be working on adding it. Additionally, you can create your list of risky addresses and be warned if you encounter them using the explorer, visualization, or tracking tools.
However, should there be any mistakes or gaps in Crystal’s data, please send an e-mail to email@example.com with a brief explanation of what mistake or gap was found.
Within the Explorer tab in the web app, users can find and search the complete list of known entities within the Crystal solution.
In Crystal’s default setup, entities that perform illegal activities, or exchanges with lower KYC barriers, would have a high-risk score. On the other hand, KYC-compliant businesses and known mining pools have low-risk scores, and each of those entity risk scores also affects other entities that interact with these known low or high-risk entities, up to 100,000 hops.
Also, there are two types of risk labels on the platform:
The first set of labels is assigned based on manual expert analysis of publicly available information (e.g., business type or compliance with KYC/AML rules). Those labels can be later configured.
The second set of labels is determined by the algorithm based on a risk score profile set up by the user.
The user can fully customize risk score types and adjust them according to the customer’s needs.
There are three ways of using the Crystal Blockchain solution:
A more detailed comparison of Crystal’s analytics solutions can be found here.
Crystal PRO is primarily focused on government and law enforcement entities for whom privacy is of utmost importance, and hardware requirements may be discussed upon request.
There are two main differences between the PRO and Expert versions:
If your trial license has expired, please contact firstname.lastname@example.org to extend your license, otherwise please contact the team at email@example.com.
The crystal sales team works very hard to ensure their customers get the best possible experience. If you have a question about trial or pricing – don’t hesitate to reach out to your sales manager. Please fill out this form if you are looking to test our demo version. We’ll be in touch!