Huobi Opens Trading in South Korea

According to the announcement from March 30, Huobi is opening a subsidiary in Korea
02 April 2018   1407

Huobi Pro, a digital asset exchange for cryptocurrency traders and investors, has independent service centers are located in many countries and regions including Singapore, the US, Japan, China and China Mainland. According to the announcement from March 30, Huobi is also opening a subsidiary in Korea.

The leading global digital asset exchange Huobi lands in Korea on March 30th, 2018. On that day, we will open 201 trading pairs of 99 digital assets which have passed the strict review for being listed on Huobi. Thanks for all your support to Huobi. Huobi Korea will continue to offer better service as we always do.

Huobi official statement

Currently, Huobi provides trade and investment service of over 100 digital assets. According to the statement on the official website, the Huobi organization is built on integrity and righteousness, a commitment to openness, innovation, cooperation and an enterprising spirit. Huobi is a platform offering 24/7 customer service, having first digital asset evaluation system, the user educational mechanism before investment, an open to the public audit process for listing, the advance compensation system, investor protection fund, and many other useful features.

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.