KuCoin Partners With Chainalysis to Strengthen Compliance and Security Mechanisms
Major cryptocurrency exchange KuCoin has partnered with blockchain analysis firm Chainalysis to further its commitment to business compliance and user security within the rapidly evolving crypto industry. KuCoin, an IDG-backed digital currency exchange, offering an array of cryptocurrency trading tools and services to users, has inked a partnership with distributed ledger technology (DLT) analysis company Chainalysis.
He said the partnership with KuCoin is a testimony to Chainalysis’ commitment to collaborating with leading exchanges in the Asia Pacific region, a significant hub of the global crypto ecosystem. Chainalysis KYT is a robust tool that allows compliance teams to monitor large volumes of cryptocurrency activity and identify high-risk transactions continually by applying global Anti-Money Laundering (AML) standards to each transaction across all users within an organization’s user base.
