Coinbase Introduces new compliance tools

02.05.2022 09:35
by Nina Petrov
1 min read

Coinbase Introduces new compliance tools

Cryptocurrency exchange Coinbase has launched a line of anti-illegal transactions and regulatory compliance products.

The Coinbase initiative is called Coinbase Intelligence. It includes Coinbase Know Your Transaction (KYT) and an update to the existing Coinbase Analytics offering.

Coinbase Know Your Transaction allows companies to detect illegal transactions through an API. KYT helps track transactions in real time to mitigate risks using a scoring system.

The Coinbase Tracer system allows you to analyze transactional data. The tool has been made available to third parties to track the movement of funds and reduce fraud.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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