The future of the digital asset industry is hard to imagine without cryptocurrency market surveillance tools. Moreover, thanks to such tools exchanges will be able to detect illegal activities.
Importantly, better regulations and surveillance tools to moderate crypto exchanges and trading activities will help to deal with various challenges.
For example, Hong Kong and Malaysia already clarified that exchanges need an external market surveillance provider. As a result, any digital asset exchange should take into account that without an external market surveillance provider, they won’t be able to receive a license.
Moreover, it is not only about Malaysia and Hong Kong. Most of the countries will adopt similar requirements. Furthermore, digital asset exchanges should prepare in advance as it will be harder to adapt to new requirements in a short period of time.
Nevertheless, there are certain challenges regarding surveillance tools. For example, it is not easy to integrate market surveillance systems into exchanges. Moreover, this is more problematic in the case of cryptocurrency exchanges.
Integration is a very complex process and it requires serious financial capabilities. Unfortunately, many exchanges are not willing to invest in market surveillance tools.
Digital asset exchange and new opportunities 
Hopefully, the Malaysian digital asset exchange is not of them, as this exchange made an important announcement connected with cryptocurrency market surveillance tools.
Moreover, two months ago Tokenize Xchange received full approval from the Securities Commission of Malaysia. Also, apart from the Tokenize Xchange two other digital asset exchanges received full approval from the commission. As stated above, Tokenize Xchange made an important announcement. This digital asset exchange will be using cryptocurrency market surveillance tools developed by Solidus Labs.
Notably, solutions provided by Solidus Labs will use machine learning to read thousands of factors including trading behaviors and market conditions that must be reviewed. As a result, it will be easier to deal with wash-trading, spoofing, pump-and-dump, etc.
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