RATE Group | Bittrex Leverages Chainalysis Across Multiple Cryptocurrencies to Become Gold Standard f…
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Bittrex Leverages Chainalysis Across Multiple Cryptocurrencies to Become Gold Standard f…

26 Sep Bittrex Leverages Chainalysis Across Multiple Cryptocurrencies to Become Gold Standard f…

Posted at 13:26h in Cryptocurrency News by

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NEW YORK, Sept. 26,2019 /PRNewswire/ — Chainalysis, the blockchain analysis company, today announced the successful deployment of its compliance solution to Bittrex, the premier U.S.-based blockchain trading platform, across 10+ cryptocurrencies. Bittrex will use Chainalysis Know Your Transaction (KYT) to meet new and existing regulatory and compliance standards, and establish a safer, more secure platform for their users.

“As we focus on building out our products to accommodate more cryptocurrencies beyond Bitcoin, working with cryptocurrency exchanges that focus on offering a broad array of coins is mutually beneficial,” said Jonathan Levin, Co-Founder and Chief Strategy Officer, Chainalysis. “Bittrex is dedicated to offering a breadth of cryptocurrencies to their customers and enforcing comprehensive compliance policies.”

By leveraging Chainalysis KYT to monitor large volumes of cryptocurrency activity and identify high risk transactions on a continuous basis,…

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