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XBO.com partners with Chainalysis to add high compliance standards to crypto exchange

Rick Steves

“Aside from providing security and assurance to our clients, by harnessing its AML capabilities we were able to collaborate with top tier banks, payment service providers (PSPs) and other financial institutions.”

Crypto coins and judge hammer

XBO.com has partnered with blockchain data platform Chainalysis as part of the crypto exchange’s efforts to enhance its compliance capabilities, support anti-fraud protocols, and monitor risk.

Chainalysis is at the top of the food chain when it comes to compliance within the digital asset ecosystem and XBO.com is going live with two solutions by Chainalysis:

– Chainalysis KYT (Know Your Transaction), which performs continuous, real-time transaction monitoring for all cryptocurrency assets to detect patterns of high-risk activity; and
– Chainalysis Reactor, the investigative tool, provides deeper due diligence into suspicious activity.

The partnership will ensure the exchange platform meets the market need for user-friendly and reliable trading, and leveraging social gaming UX elements to boost user experience.

High regulatory compliance standards in place

XBO.com will make buying and selling digital assets simple for amateur investors that find traditional crypto trading platforms intimidating and experienced investors alike. The company’s vision of “crypto for everyone” strengthens the founders’ belief that attracting newcomers to digital assets can elevate and empower all investors. The partnership with Chainalysis furthers XBO.com’s commitment to building trust in their forthcoming cryptocurrency services.

Gilad Shalem, Chief Payment Officer at XBO.com, said: “We are thrilled to collaborate with Chainalysis, the benchmark of cryptocurrency Compliance & AML platforms. Aside from providing security and assurance to our clients, by harnessing its AML capabilities we were able to collaborate with top tier banks, payment service providers (PSPs) and other financial institutions.”

Sam Aued, Sales Director, Chainalysis, commented: “We are honored to collaborate 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 as we built Chainalysis on – trust and transparency.”

Pre-launch competition for special rewards and privileges

XBO.com announced a pre-launch competition in July that offers investors the opportunity to pre-register and complete the verification process to the platform for a chance to earn special rewards and account privileges.

The platform merges gaming-inspired UI with the latest security practices to offer traders a comfortable and visually appealing alternative to existing exchange platforms.

XBO makes buying and selling digital assets simple for amateur investors that find traditional crypto trading platforms intimidating and experienced investors alike.

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