“Who are all these addresses you’re transacting with?”
If you’ve ever dreaded that question from an auditor, this update is for you.
The Problem We’re Solving
Most crypto organizations have a dirty secret: hundreds of unknown addresses buried in their transaction history. Each one represents a gap in your audit story—a counterparty you can’t explain, a relationship you haven’t documented.
Until now, finding and identifying these addresses meant:
- Exporting transactions to spreadsheets
- Manually deduplicating addresses
- Researching each one on block explorers
- Praying you didn’t miss anything material
Introducing Counterparty Discovery
Coincile now automatically surfaces every address you’ve transacted with and ranks them by what matters most: total transaction value.
How It Works
1. We find every address Every source and destination address across all your connected wallets, exchanges, and protocols is extracted and aggregated.
2. We calculate materiality Total transaction volume per address is computed. Addresses are ranked from highest to lowest value—so you focus on what auditors will focus on.
3. You review and label Work through the Unknown tab, starting with the most material addresses. One click opens the labeling form with the address pre-filled.
4. You stay ahead New unknown addresses appear as you transact. Review periodically to keep your counterparty registry complete.
The Two-Tab Experience
Known Tab
Your curated counterparty database. Every address you’ve identified, labeled, and categorized. Ready for auditors.
Unknown Tab
The backlog of addresses you’ve transacted with but haven’t identified yet. Sorted by transaction count (default) or total value. Click any column header to re-sort.
Materiality at a Glance
We color-code unknown addresses by transaction volume:
- 🔴 Critical — Over $100,000 in transactions. Identify immediately.
- 🟠 High — $10,000–$100,000. Should know before audit.
- 🟡 Medium — $1,000–$10,000. Review during close.
- ⚪ Low — Under $1,000. Nice to know.
Built for Audit Season
Coincile’s Counterparty Discovery is designed with auditors in mind:
Before the audit:
- Work through high-materiality unknown addresses
- Build a complete counterparty registry
- Flag related parties for disclosure
During the audit:
- Grant read-only access to auditors
- Show the complete picture: known vs. unknown
- Demonstrate due diligence with labeling history
After the audit:
- Continue monitoring new addresses
- Maintain year-round counterparty hygiene
- Never scramble again
Real-World Impact
A crypto fund with 50,000 transactions might have:
- 2,000+ unique counterparty addresses
- 80% already labeled (exchanges, protocols, known wallets)
- 400 unknown addresses to review
- 15 material ones (>$10k) that auditors will definitely ask about
With Counterparty Discovery, those 15 material unknowns surface to the top. No spreadsheets. No guesswork.
What’s Next
This is just the beginning. Coming soon:
- Auto-enrichment — Known exchange and protocol addresses labeled automatically
- Counterparty reports — Export transaction summaries per entity
- Related party flags — Mark counterparties as related parties for disclosure
- Risk scoring — Surface addresses associated with sanctioned entities
Available Now
Counterparty Discovery is available in all plans—Starter, Professional, and Enterprise.
Access it from Counterparties in the sidebar.
Have questions or feedback? We’d love to hear from you. Reach out at support@coincile.io.