Thomas Reuter to Launch Crypto Tracking Platform

The site will allow to carry out operations in financial markets using data (news, analytics and visualization tools) in real time
31 July 2018   347

The information portal CryptoCompare integrates data on the trading of 50 cryptocurrencies into the financial platform Eikon, developed by Thomson Reuters.

The press release says that Eikon is the next generation solution. The site will allow to carry out operations in financial markets using data (news, analytics and visualization tools) in real time.

As the digital asset markets mature, we see a fast-growing demand from the institutional investor community for comprehensive, real-time and global market data, which can be trusted as the basis for investment decisions. We are excited to enter into this partnership with Thomson Reuters; we have always sought to provide transparency to this market and this partnership provides a great opportunity for the institutional investor community to access not only our data, but also to benefit from our experience and insight.

Charles Hayter

CEO and Founder, CryptoCompare

CryptoCompare will provide information collected from "reliable crypto exchanges".

Eikon will also allow professional traders to use data to determine the most promising entry and exit points, expand their investment portfolios and make profitable decisions.

In June, the media company announced plans to expand the crypto-currency feed with data on hundreds of tokens and track online more than 2 thousand global sources and 800 social networks.

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   83

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.