Forging 2024 ‘year of installation’, the Sumsub report envisages 2025 to intensify the needs for cryptom infrastructure

With regulations tightening on global and crashes that increase by 48%, the CRIPTO platform should be ready to increase traffic, as well as growing user expectations

London, 11. February 2025 / Prnevvire / – SumsubThe global verification platform for the full cycle, she published her The state of the crypto industry 2025 Report, offering exclusive data and insights into the main trends, challenges and innovations that shaped the crypto landscape *.

Key emphasis:

• 2024 was’ years of instead of crippies of exchanges: CRIPTO platforms have experienced a 20% growing in traffic During the main market events such as re-selection of the president Donald Trump and bitcoin gatherings in November 2024.
• The scam in the crypt industry has risen 48%with the counterfeiting of the documents that make 31% of all revealed fraud cases.
• 60% The CRIPTO company predicts strict regulations, while only 29% Completely in accordance with the travel rule.

As the industry creates a key period of growth and regulation, the report identifies three critical challenges that cryptic providers are faced in 2024. years and they should deal with 2025. years in order to succeed: security threats, technological possibilities and regulation.

Security Challenge: A fraud that increases in the sector crypto

Sumsub data reveals cheat In the crypto industry has disappeared up by 48%The US is now offering 2.2% All verification attempts over the global crypt platform. This translation emphasizes the need for companies to adopt AI-Max detection, biometry and continuous monitoring for security improvement. Nigeria recorded the highest fraud rate over the crypt sector with 8.3% verification attempts marked as false.

The most popular types of fraud are forging documents (which affect 31% surveyed companies), Phishing (20%) and delay of money (15%), followed by downloading account (14%) and forced verification (12%).

Tech Challenge: Traffic spikes on Cripto platforms

Innovations such as biometric checks, Ai-ai-Forcion and verification without documents have been enhanced users of the CRIPTO platform ‘ Success rates on board at 93.39% and Reduced verification time by 46%General improvement of customers on board with a decrease in cases of fall.

The report highlights observed innovation Verification without document, that improved verification times in each country in which it was realized, with an average Improvement 3.6%. Three-three countries with the fastest user with a non-document on board 2 seconds are BrazilUnited Kingdom and Bangladesh.

Document identity verification has already gained adoption 19% surveyed companies around the world, with Africa The leading road 27%, shows the openness of the region and innovative solutions.

Key user on board questions This CRIPTO providers aim to mitigate: slow verification time, which affect 36% of the surveyed companies, as well as false positive / negative (48%). In addition, over half (55%) companies have reported dissatisfaction with overall user experience.

Regulatory Challenge: Understanding the terms of conformity of travel rules

According to the research of the CRIPTO INDUSTRIA SUMSUB 2024, Three in five (60%) The companies predict stricter regulations, emphasizing the need for proactive upgrades of compliance. The key focus is Travel rule (Recommendation FATF 16), which invites vasps to exchange the sender’s recipient information during the transfers of the CRIPTO. However, only 29% The company fully in line with the unclear guidelines quoted as a key barrier. GAP Between legal requirements, providing global crypto transactions transparency and disproportionate adoption leaves many companies at risk of sanctions and fines.

The study also emphasizes the analysis of Sumsub Leading crypto-friendly chubs in 2024 years With well-defined regulations, strong infrastructure and environments that are guided by innovation.

“The regulatory landscape is evolving rapidly, and the CRIPTO company cannot afford to lag behind. Europe Once it seemed to be worldly led by a comprehensive MICA regulation. However, with Trump Administration promoting cryptic and commitment for the digital asset framework, the playground is moved. Mic’s strict requirements can be challenging companies to meet, opening the door for now to move as a hub of crypto innovation “ Comments Ilia BrovinMain growth officer in Sumsub. “He once thought that” wild west “, Cripto now on the flexible point. Companies must make safety beneficiaries from fraud and ensure compliance to avoid compliance in order to compliance avoid compliance. “

To investigate Condition of the crypto industry 2025 Report, visit https://sumsub.com/cripto-industri-report/

* Note on the Sumsub Research Methodology

The study compares internal identity data on verification and user activities with 2023 and 2024, covering transient rates, verification time and attempts in different regions. The report also contains the survey of the Sumsub CRIPTO industry, which includes answers with 300+ companies wide crypto, banking, payments and e-commerce and e-commerce sectors.

About Sumsub

Sumsub is a verification provider # 1 for the Cripto Industry that works with 6 out of 10 Top Global CRIPTO exchange. With customizable KIC Sumsub, check “Kib, check, AML screening, transaction verification solutions, transactions, you can orchestrate your verification process, welcome more customers worldwide, maximizing adjustment conditions and protect your business.

With excessive 2500 Clients via Crypto, Fintech, Gaming, Mobility and Edtech Industries, Sumsub support the largest passenger directory 1700+ Virtual property service providers (VASPS). Having an integrated trp, GTR (owned by bynance), Sumsub offers a fully interoperable single protocol of travel rules, which aims to automate data transmission, reporting and transaction inspection to improve compliance, security and transparency.

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