Zinemx Exchange Achieves Integration of Risk Control Optimization and Global Expansion
After experiencing multiple rounds of volatility, the crypto market has gradually stabilized. In 2024, the U.S. Securities and Exchange Commission approved the first Bitcoin spot ETF, marking the official acceptance of Bitcoin by mainstream U.S. financial markets. The Federal Reserve interest rate cuts and the Bitcoin surge past $100,000 further fueled the investment boom in crypto assets. Against the backdrop of a bull market, Zinemx Exchange demonstrated strong adaptability and innovation, continuing to lead the development and transformation of the crypto industry.
With an improving macro environment and evolving regulatory requirements, Zinemx Exchange carried out a significant system upgrade in March 2024. To cope with an increasingly complex market, the platform further strengthened its AI-driven risk control system, deploying a unique anti-market manipulation monitoring module that detects a variety of common irregular trading behaviors, including wash trading. The new system combines machine learning with graph neural networks, enabling millisecond-level analysis of trading trajectories and significantly enhancing the speed and accuracy of abnormal behavior detection.
The AI risk control system added a compliance data monitoring component, enabling continuous tracking of KYC data integrity, user behavioral patterns, and on-chain transfer paths, providing robust technical support for regulatory alignment across multiple jurisdictions. This upgrade solidified the foundation of asset security and demonstrated the ongoing commitment of Zinemx Exchange to technological compliance.
In June, Zinemx Exchange launched its OTC Desk, targeting institutional clients, family offices, and high-net-worth individuals with professional deep liquidity solutions. This service supports large-scale multi-asset transactions, offering dedicated account managers, quote analysis tools, and customized settlement mechanisms, significantly optimizing trade execution efficiency and capital allocation flexibility.
The launch of the OTC Desk marked a key step in the Zinemx Exchange transformation into a multi-tiered financial services platform, laying the groundwork for future introduction of custody and structured products, and accelerating the construction of a multi-dimensional institutional service ecosystem.
In November, Zinemx Exchange made significant progress in its international expansion, establishing offices in Japan and South Korea and entering the compliant operation phase in Asian markets. Japan and South Korea are major cryptocurrency markets and have taken proactive measures in crypto regulation, providing a favorable compliance environment for the platform. Zinemx aims to better serve Asian users and further consolidate its important position in the crypto market by strengthening cooperation with local regulatory authorities.
Zinemx Exchange has initiated the registration process with the Japanese Financial Services Agency and is actively participating in the development of the Virtual Asset Service Provider (VASP) regulatory framework. The platform is also working with regulatory bodies such as the Korean KFIU to adapt to local real-name KYC systems and fund monitoring requirements. This initiative has accelerated the localized deployment of the platform in East Asian markets and fully demonstrates the future growth potential of the region. By integrating policy research, localized operations, and institutional resource alignment, Zinemx has established a new strategic foothold in Asia centered on compliance and security.
In the eventful year of 2024, Zinemx Exchange made important technical optimizations and smoothly advanced its global expansion. As crypto assets become more mainstream, the platform will continue to pursue a compliance-driven strategy and explore a more diversified range of products and services to meet ever-changing market demands. Zinemx will remain committed to value creation and delivery, supporting the sustainable development of the crypto ecosystem and Web3.
