The post ComplyCube Powers GRVT’s Secure, Self-Custodial, and Compliant Derivatives Exchange Onboarding for Millions appeared on BitcoinEthereumNews.com.

London, England, October 2nd, 2024, Chainwire ComplyCube, the global leader in Anti-Money Laundering (AML) and Know your Customer (KYC) solutions, has joined forces with GRVT, the next-generation hybrid derivatives exchange aiming to redesign the global financial system by leveraging blockchain technology, to onboard users at scale and achieve compliance with global crypto regulations. Through this collaboration, ComplyCube and GRVT ensure secure, compliant, and seamless onboarding for millions of users ready to sign up. Deepfake attacks on crypto exchanges are set to rise by 245% in 2024. As cybercriminals continue to leverage cutting-edge techniques to evade financial safeguards, innovative compliance technology emerges as the cornerstone in the fight against money laundering and illicit crypto activities. Founded in 2022, GRVT is a hybrid derivatives exchange offering off-chain order matching and on-chain settlements at an impressive 600,000 TPS. It has secured 16 top market makers and $3.3B monthly volume commitment even before its Q4 Mainnet launch, from over 40 institutional clients, including the likes of  Galaxy Trading Asia Limited., Ampersan, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, and others.  In the current crypto climate, a robust AML and KYC solution is critical in cementing a reputation of reliability and security. GRVT is set to become the first regulated DEX to settle directly on the blockchain. Its initiative to implement KYC and AML screening from day 1 represents a pioneering step toward greater compliance, aimed at serving a broader range of TradFi traders beyond crypto-native ones.  As GRVT is redesigning the global financial system from the ground up, utilizing blockchain technology, it was essential to find a KYC provider that mirrored its commitment to seamless UX by delivering instant onboarding with zero downtime and unparalleled accuracy in data extraction to meet the anticipated surge in new users over the next few years. Hong…

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Filed under: News - @ October 2, 2024 1:22 pm