Webull Partners with Solidus Labs for Enhanced Crypto Trade Surveillance

Webull Corp (NASDAQ:BULL) has entered a partnership with crypto compliance firm Solidus Labs to power its digital asset trade surveillance in the United States and Canada. The collaboration is set to expand into other markets where Webull offers crypto trading.

The retail brokerage will implement Solidus Labs' HALO platform to deliver rigorous oversight for its trading base. The system employs a multidimensional data approach, integrating user behavior, social sentiment, and open-source intelligence with traditional trade data.

"Protecting our users and meeting the highest compliance standards are core priorities for Webull Pay as we scale our offering across North America and beyond," said Damarizz Medina, Chief Compliance Officer at Webull Pay. "Solidus Labs emerged as the ideal partner due to their expertise in trade surveillance and deep understanding of the digital asset landscape."

"Webull is a titan of the retail brokerage space, and their commitment to safe, regulated growth is a blueprint for the industry," said Asaf Meir, Founder and CEO of Solidus Labs. "We are proud to provide the compliance intelligence layer that safeguards Webull Pay's ecosystem."