“In addition to providing security and assurance to our customers, by leveraging its AML capabilities, we have been able to partner with leading banks, payment service providers (PSPs) and other financial institutions.”
XBO.com has partnered with blockchain data platform Chainalysis as part of the crypto exchange’s efforts to improve its compliance capabilities, support anti-fraud protocols and monitor risk.
Chainalysis is at the top of the food chain for compliance within the digital asset ecosystem and XBO.com is launching two Chainalysis solutions:
– Chainalysis KYT (Know Your Transaction), which performs continuous, real-time transaction monitoring for all cryptocurrency assets to detect high-risk activity patterns; and
– Chainalysis Reactor, the investigation tool, provides deeper due diligence in case of suspicious activity.
The partnership will ensure that the exchange meets market needs for user-friendly and reliable trading, and leverages UX elements of social games to enhance user experience.
High regulatory compliance standards in place
XBO.com will make buying and selling digital assets simple for both amateur investors who find traditional crypto trading platforms intimidating and experienced investors. The company’s vision of “crypto for all” reinforces the founders’ belief that attracting newcomers to digital assets can uplift and empower all investors. The partnership with Chainalysis reinforces XBO.com’s commitment to building trust in its future cryptocurrency services.
Gilad Shalem, Director of Payments at XBO.com, said, “We are thrilled to partner with Chainalysis, the benchmark for cryptocurrency compliance and AML platforms. In addition to providing security and assurance to our customers, by leveraging its AML capabilities, we have been able to collaborate with leading banks, payment service providers (PSPs) and other financial institutions.
Sam Aued, Director of Sales, Chainalysis, commented, “We are honored to partner with XBO.com and enable their team to launch their cryptocurrency offerings with high regulatory compliance standards in place. XBO.com is built on the same values we built Chainalysis on – trust and transparency.
Pre-launch contest for special rewards and privileges
XBO.com announced a pre-launch contest in July that offers investors the chance to pre-register and complete the verification process on the platform for a chance to win special rewards and account privileges.
The platform merges a gaming-inspired user interface with the latest security practices to provide traders with a comfortable and visually appealing alternative to existing exchange platforms.
XBO simplifies the buying and selling of digital assets for both amateur investors who find traditional crypto trading platforms intimidating and experienced investors.