NAV Coin surges after listing on major exchange

NAV Coin rose 30% within half an hour after Binance crypto exchange announced listing the coin and it grew 43% in 24 hours after the launch NAV Coin core wallet
27 December 2017   1056

NAV Coin, a proof of stake cryptocurrency offering a dual blockchain powered private payment option, was launched in 2014 and has mostly remained stable in price, rarely showing price jumps. However, NAV Coin has shown outstanding rise on December 27, when it increased 30% only within 30 minutes after Binance exchange had announced listing the coin.

  • Average price: $4,08
  • Marketcap: $253 891 677
  • 24h volume: $24 939 300

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   112

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.