If you’ve ever felt like investigating a transaction in Monitor meant opening too many tabs, cross-referencing too many tools, or spending too long trying to figure out exactly who’s involved – this update is for you.
Monitor 3.0 is here, and it changes everything.
This is the biggest upgrade to Crystal Monitor since its launch. With automatic path building, and seamless multi-asset tracing, Monitor 3.0 puts the full story of a transaction at your fingertips — no extra tools, no guesswork, and no time wasted.
Let’s walk through what’s new, why it matters, and how it transforms investigations for compliance teams, regulators, and VASPs.
From labels to names: entity-level attribution
Before this release, Monitor alerts used broad categories like “Exchange” or “Gambling.” While that helped highlight potential risk types, it left too many questions unanswered. Who exactly is involved? Is this an exchange I trust? Is this a known risky service?
With Monitor 3.0, those answers are immediate. Now, instead of just a category, you’ll see named entities in the transfer results; Binance, Bitzlato, Bybit, and many more. That means less ambiguity, fewer false positives, and far more confidence in every decision you make.
One-click visualization: no more graph building
Traditionally, understanding the source or destination of funds meant switching over to the Explorer, loading up addresses, and manually building a graph. That takes time, especially when every alert demands attention.
Now, you can generate full transaction paths with a single click, straight from the Monitor interface.
The tool traces the source and destination of funds, displays the connections to named entities, and provides the fiat value involved — all within seconds. The result? Faster analysis, consistent insights, and more room for focused decision-making.
Built-in context: distance, value, and multi-asset support
What makes Monitor 3.0 especially powerful is the level of context it adds behind the scenes.
Each entity in connections includes a distance metric — measured in hops — making it easier to assess how direct the connection is. You can use this to create custom alert rules (e.g. flag if a high-risk entity is within two hops), or simply filter out noise in complex cases.
The tool also handles multi-asset tracing automatically, converting values into fiat and showing the total amount sent or received by each entity. So whether a counterparty moved BTC, ETH, or multiple tokens, the full picture is always clear, no conversions required.
Why this matters
Crypto compliance is becoming more complex, but that doesn’t mean your tools should be.
Monitor 3.0 brings clarity to the chaos. By replacing manual steps with automation, and broad categories with named entities, it empowers compliance teams to move faster without compromising on accuracy.
And because the same data is available via API, it fits seamlessly into the workflows of enterprise clients, regulators, and teams managing large-scale monitoring programs.
For some of our clients, compliance investigation tasks — such as background checks and counterparty due diligence — have dropped from 30+ minutes to just a few seconds. It’s a complete shift in what’s possible.
Looking ahead
Monitor 3.0 is already live for select clients and internal teams, with a wider rollout planned throughout the summer. By October, we’ll be introducing complementary features, including the ability to customise and label your own entities, giving teams even more control over how they monitor risk.
We’re also building out supporting materials:
- Recorded demos and walkthroughs
- Example paths for specific jurisdictions
- Sales and CS training to help you make the most of it
And of course, the Crystal team is here to support you every step of the way.
