Popular brokerage app Robinhood Crypto has partnered with Chainalysis ahead of the launch of the Robinhood Crypto wallet.
Chainalysis will help the company identify risky transactions in real time and provide greater scrutiny of suspicious activity on the platform. Integrating software from Chainalysis will help the platform meet anti-money laundering and counter-terrorist financing standards and comply with FATF regulations.
Chainalysis has long been known for its close collaboration with regulators to develop tools for monitoring trading activities.
Testing of the crypto wallet began in September of this year. More than 1.6 million people are on the waiting list. The wallet will enable direct cryptocurrency deposits and withdrawals from the Robinhood platform, a critical feature that is currently unavailable.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
OKEx expands margin trading opportunities
OKEx Corporation, a popular cryptocurrency platform, announced the launch of new XRP/BTC and LTC/BTC pairs for margin trading. Trading became available to users from 7:00 UTC. The Hong Kong exchange notes that the expansion is due to meeting public demand for the growing popularity of margin trading.
200,000 BNB transferred with less than $1 fee
Yesterday, 200,000 BNB worth $100,738,776 were transferred from the crypto exchange from Binance to an unknown wallet.
