Bitcoin derivatives trading platform Overbit, announced today it will enhance the trading platform’s anti-money laundering (AML) measures using Coinfirm’s AML & Analytics solution.
An established player within the blockchain space and early trailblazer in AML for cryptocurrencies, Coinfirm’s expertise in AML and risk management solutions has been utilized by many market leaders.
“It’s great to collaborate with Overbit and bring the highest AML standard to the Cryptocurrency derivative and exchange market. As we see further standards being applied in the regulatory space it’s nice to see companies taking the most serious approach”.
– Pawel Kuskowski, CEO and Co-Founder Coinfirm
Coinfirm’s automated, real-time blockchain analytics solution is powered by its over 200 proprietary algorithms and 300 risk evaluation scenarios that enable Overbit to assess and analyze AML risk quickly, efficiently, and effectively across more than 1,300 cryptocurrencies, tokens and diverse blockchains, such as BTC, ETH, XRP, and all ERC-20 tokens.
“As tougher AML and KYC regulations are being enforced around the world, we are committed to be in compliance with these rules. Our collaboration with a reputable firm such as Coinfirm not only reinforces our standing as one of the world’s best bitcoin derivatives trading platform but also serves as our desire to remain accountable to our users’ security and trading experience.”
– Chieh Liu, CEO of Overbit
With a secure and user-friendly interface, Overbit allows users to trade their bitcoin across major cryptocurrencies with up to 50x leverage. Contracts include: BTCUSD, BTCJPY, ETHBTC, XRPBTC, LTCBTC, EOSBTC, BCHBTC, ADABTC, and NEOBTC.