Blockchain analytics company Chainalysis has reportedly introduced Real-Time Threat Detector for 15 big crypto coins. 

As stated via a post by the firm on August 22, the new feature – dubbed Know Your Transaction (KYT) – will work as a real-time tool, specifically designed to ensure compliance with Anti-Money Laundering (AML) measures is met. The firm believed the tool will be the first of its kind, which are able to provide compatibility for a vast array of major coins. 

The new development mainly looks to provide support for crypto exchange firms, along with numerous financial establishments, in terms of alleviating risks concerning with their reputation and regulations. 

“As a New York Trust company we are required to monitor transactions on and off our platform. […] Tools like KYT alerts, which provide real time and ongoing blockchain analysis, coupled with Gemini’s own compliance policies, help us meet our regulatory obligations.” Michael Breu, chief compliance officer at high-profile crypto firm Gemini, claimed. 

Per the article, Chainalysis’ s KYT tool has always come with a real-time transaction monitor, which will scan a large amount of crypto-related activities, in an attempt to determine high-risk behavior. 

Nonetheless, the new feature will help issuing new alerts every time there’s a counterparty taking part in a transaction, or exceeds a predetermined number of value.