Ahead of its upcoming launch, XBO.com, the crypto exchange dedicated to making digital currencies accessible to all, lines up the top solutions in the market to assure its users the highest level of security and transparency.
After announcing collaboration with FireBlocks, XBO.com has now partnered with blockchain data platform Chainalysis to strengthen its crypto compliance program, support anti-fraud protocols, and monitor risk.
The crypto exchange is aiming to ensure that it has best-in-class compliance technology integrated into its solution right from the beginning.
XBO.com mentioned that it will adopt Chainalysis KYT (Know Your Transaction) and Reactor. Chainalysis KYT performs continuous, real-time transaction monitoring for all cryptos to detect patterns of high-risk activity. Chainalysis Reactor is an investigative tool that offers deeper due diligence into suspicious activities.
Gilad Shalem, Chief Payment Officer at XBO.com, said in a press release shared with AlexaBlockchain that the partnership has helped them collaborate with top tier banks, payment service providers (PSPs) and other financial institutions due to AML capabilities enabled by Chainalysis.
Read Also: XBO.com Launches Auditions To Find Its Bored Ape Mascot