Insights

Launching: Crypto AML Leaderboards

Transparency is more important than ever in crypto. That’s why we are launching Leaderboards, which scores and ranks 700+ VASPs across the ecosystem and showcases how well they are responding to and dealing with financial crime risks.

Leaderboards ](https://www.functio.co.uk/)for Exchanges and DEXs.

**Leaderboards profiles, scores, and ranks Virtual Asset Service Providers (VASPs) across 23 AML variables. It is underpinned by a proprietary risk scoring index, which showcases how well services are responding to and dealing with financial crime risks in the cryptocurrency sector.

Building the data in this way allows you to stay up to date with events in the ecosystem, find out how issues are impacting key players, and assess how constituents are responding to risk and regulatory change in a fast-moving market.

What Is Available?**

In total, however, Hoptrail profiles, scores and ranks almost 700 VASPs on its platform, from exchanges and custody services to NFT marketplaces, gambling services, prime brokers, and beyond. We have plans to release more data in the future, so stay tuned.

here.

Why Did We Build Leaderboards?**

That nervousness came from a feeling that crypto was complicated, data heavy, and fraught with risk. Businesses could see the opportunity but were reluctant to engage through fear of misinterpreting risks, failing to grasp the tools, or being overwhelmed by information and jargon.

Crypto has come a long way. But in some areas, it has advanced to the point of shutting out non-native participants. And so, from the outset, our goal was to build a service that connected traditional business to the crypto ecosystem in a secure, compliant, and understandable way.

In short, it was about providing a platform that was both intuitive and familiar, drawing on many of the due diligence techniques our clients are used to.

__, We’d love to hear from you!

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