Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet Launch
Popular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics firm Chainalysis announced Monday “an integrated partnership with online brokerage app Robinhood Crypto.” The company explained: Robinhood will leverage Chainalysis data and tools to meet compliance requirements and provide Robinhood customers with the confidence....
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The trading app will adopt Chainalysis’ monitoring compliance solution Know Your Transaction as well as the Chainalysis Reactor, its investigations software. Blockchain analytics firm Chainalysis will be partnering with Robinhood to provide data and tools for trading in advance of the app launching its crypto wallet.In a Monday announcement, Chainalysis said the integrated partnership with Robinhood Crypto will help the trading app meet compliance requirements ahead of the launch of its crypto wallet, expected to roll out for all users in early 2022. According to Robinhood, the platform....
Chainalysis helps regulators, financial organizations and governments reduce their compliance workload by deploying Chainalysis Reactor or other Chainalysis products. Do Coinbase and Binance use Chainalysis for compliance?Both Coinbase and Binance use Chainalysis software to monitor crypto transactions and comply with AML regulations.Chainalysis assists Coinbase with AML enforcement. Coinbase has emerged as a crypto asset kingmaker for investors thanks to its regulatory compliance, robust security, ease of use, and investing focus. Binance partnered with Chainalysis to establish a core....
After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic partnership with Circle Financial. The deal revealed on Wednesday will provide Robinhood Crypto and Robinhood Wallet users with the ability to purchase and sell usd coin, and access “exclusive in-app educational modules to earn USDC rewards.” Robinhood and Circle Partner to Offer USDC Accessibility On Wednesday, Robinhood Markets (Nasdaq: HOOD) published an “Under the....
The American financial services company headquartered in Menlo Park, California, Robinhood Markets, Inc., announced the launch of a new non-custodial Web3 crypto wallet on Tuesday and said the product supports the Polygon blockchain network. The application is currently for iOS users only and Robinhood is rolling out the beta version of the Web3 wallet to 10,000 clients on the company’s waitlist. Robinhood Launches Beta Web3 Crypto Wallet to 10,000 Select Customers During the last 12 months, Robinhood Markets has shown a strong interest in building cryptocurrency products and....
The chief operating officer (COO) of Robinhood Crypto has provided an update on the company’s upcoming cryptocurrency wallet launch. The executive also discussed Robinhood’s listing strategy in response to the question of whether the platform will list shiba inu (SHIB) cryptocurrency. Robinhood Crypto’s COO Discusses Listing Strategy as Petition to List SHIB Gains More Supporters Christine Brown, Robinhood Crypto’s COO and VP of Product Operations, talked about her company’s crypto strategy at a conference Tuesday held by Yahoo Finance and Decrypt. She....