Hello Group to open an exchange with BCH trading pairs

Hello Group is developing a new exchange platform with Bitcoin Cash-based trading, scheduled for mid-April 2018
20 February 2018   694

The rising popularity and adoption of Bitcoin Cash has attracted a lot of attention not only from general public in crypto-community, but also from big companies. Everybody is flocking towards “the true vision of Satoshi Nakamoto”. And exchanges aren't left behind. The new addition to the rising market is called Bitcoincash.io and is developed by Hello Group, a Cyprus-based fintech solutions developer.

They recently acquired the Bitcoincash.io domain and now are developing an exchange with as of now practically unique quality – the base cryptocurrency will be Bitcoin Cash. BCH will trade in pairs for both fiat and other cryptocurrencies.

According to the developers, users will have access to live and historical trading data, real-time alerts on market trends and sudden jumps. And all of that for free. Also users will be able to use their accounts to trade on multiple connected crypto exchanges and markets with instant settlement and no intermediaries.

Representative of Hello Group explained that the main focus of the new exchange will be on providing secure high-performance trading utilizing the accumulated knowledge and statistical data from traditional blockchain exchange platforms. Bitcoincash.io will give users the advatage of native BCH pairs and their input is always welcome for making the platform better.

Bitcoincash.io is scheduled for alpha-release around mid-April 2018.

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   74

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.
 

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.
 

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.