According to crypto media The Block, blockchain analytics startup Elliptic has built a solution called 'Discovery' to help banks decide which crypto exchanges they can collaborate with. This solution contains various data and insights on 200 global crypto exchanges. Tom Robinson, co-founder and chief scientist at Elliptic, explained that "currently, most banks cannot distinguish whether a crypto exchange is compliant with regulations or carries money laundering or sanction risks," and that Discovery can provide assistance in this regard. The media explained that, in reality, most banks are currently hesitant to provide services to crypto businesses due to regulatory risks, and the total assets of US-based banks providing services to crypto businesses are less than $70 billion (about 3% of JPMorgan's assets).
