ComplyCube Collaborates with GRVT to Onboard Users at Scale and Achieve Global Compliance
The post ComplyCube Collaborates with GRVT to Onboard Users at Scale and Achieve Global Compliance appeared on BitcoinEthereumNews.com.
ComplyCube, the global leader in Anti-Money Laundering (AML) and Know Your Customer (KYC) solutions, has collaborated with GRVT, the next-generation hybrid derivatives exchange that aims to restructure the global financial system by leveraging blockchain technology, to onboard users at scale while achieving compliance with global crypto regulations. ComplyCube and GRVT have partnered to ensure secure, compliant, and smooth onboarding for millions of people who are prepared to join up. In 2024, deepfake attacks against cryptocurrency exchanges are predicted to increase by 245%. As hackers persist in using state-of-the-art methods to circumvent financial security measures, creative compliance technology becomes indispensable in the battle against money laundering and unlawful cryptocurrency operations. GRVT is a hybrid derivatives exchange that was established in 2022 and provides outstanding 600,000 TPS on-chain settlements together with off-chain order matching. Even before its Q4 Mainnet debut, it has secured $3.3 billion in monthly volume commitment from over 40 institutional customers, including Galaxy Trading Asia Limited, Ampersan, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, and others. It also has 16 prominent market makers. A strong AML and KYC solution is essential in the present crypto environment to establish a reputation for dependability and security. The first regulated DEX to settle straight on the blockchain will be GRVT. In an effort to serve a wider spectrum of TradFi traders than just those who are familiar with cryptocurrencies, it has taken a ground-breaking move toward increased compliance by implementing KYC and AML screening from day one. In order to handle the expected spike in new users over the next few years, GRVT, which is rebuilding the global financial system from the ground up using blockchain technology, needed to find a KYC provider that shared its dedication to seamless UX by offering instant onboarding with zero downtime and unmatched accuracy in data extraction.…
Filed under: News - @ October 2, 2024 4:26 pm