Exchange Deposit Matching

Exchange Deposit Matching is the process of linking a user's on-chain withdrawal or deposit to a specific account on a centralized exchange. By monitoring the hot wallets of exchanges, analysts can identify the specific deposit addresses assigned to individual users.

This link provides a critical bridge between anonymous blockchain activity and verified identity data held by the exchange. It is a cornerstone of regulatory compliance and forensic investigation, as it allows authorities to serve subpoenas to exchanges for user information.

This process requires continuous monitoring of exchange infrastructure and transaction patterns. It effectively exposes the pseudonymous nature of blockchain transactions when they interface with regulated entities.