Robinhood turns to Chainalysis to increase compliance before the introduction of Crypto Wallet -
Robinhood turns to Chainalysis to increase compliance before the introduction of Crypto Wallet -
The popular trading platform Robinhood has teamed up with the blockchain data platform Chainalysis to meet the compliance requirements. Robinhood prepares the introduction of his wallet, which has a waiting list of more than 1.6 million users.
Robinhood cooperates with Chainalysis for Compliance
The blockchain data analysis company Chainalysis announced on Monday "an integrated partnership with the online brokerage app Robinhood Crypto". The company explained:
Robinhood will use chainalysis data and tools to meet compliance requirements and to give Robinhood customers the trust you need to secure cryptocurrencies.
Robinhood crypto will take over Chainalysis Kyt and Chainalysis Reactor. The former "marks risky and illegal transactions in real time", while the latter "enables a more detailed Due diligence in potentially suspicious activities".
chainalysis added that Robinhood will also use his certification programs, "to" to ensure that their teams are familiar with the knowledge and skills that are required for the operation of a compliant cryptocurrency business ".
Robinhoods upcoming wallet launch
The blockchain data company found:
Robinhood Crypto turned to Chainalysis, which currently have a waiting list of more than 1.6 million
The Robinhood Crypto wallet offers customers the opportunity to pay and withdraw cryptocurrencies supported by the platform.
Currently users can buy and sell seven cryptocurrencies on Robinhood: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin. In addition, Robinhood Crypto real-time market data for Bitcoin Gold, Lisk, Monero, Neo, Omisego, qtum, XRP , Stellar and Zcash.
The meme crypto doge coin (Doge) made 40 % of the income from said during his Q3 winning discussion.
Christine Brown, COO and VP of Product Operations by Robinhood Crypto, announced some details about the upcoming wallet of the platform in November. "We are actively in our alpha phase, so we have users who integrate who actually get access to this product today, exactly now," she says said.
In the meantime, supporters of the Meme cryptocurrency Shiba Inu Robinhood asked to add Shib to his platform. The petition on change.org has almost 550 k. collected but Robinhood said recently, it is in No hurry add.What do you think of Robinhood with Chainalysis and the upcoming introduction of wallets? Let us know in the comment area below.
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