BitQuin has chosen Coinfirm as their trusted partner to ensure compliance and due diligence.
Over-the-Counter (OTC) Trading has long been a fundamental part of traditional financial trading and combines access to unparalleled market liquidity with complete privacy. Each trade is conducted and executed immediately against the counterpart and is not susceptible to on-exchange price slippage nor order book discovery. This ensures that a seamless transaction with near instant settlement takes place in a safe and secure manner.
When dealing in sizeable orders in an illiquid market, there is often a need for OTC capability to execute an order that has no or minimal on-exchange impact. Furthermore OTC trades can be executed in a single transaction without consideration of order book depth, cancellations or phantom orders. With the growth and maturity of the blockchain and cryptocurrency market a larger focus and need for entities such as OTCs has been put on AML Compliance.
BitQuin provides significant scale in over the counter trading with large Institutional size buyers and sellers of crypto assets. The Team is lead by industry veterans with comprehensive knowledge of financial trading & block facilitation. BitQuin has chosen Coinfirm as their trusted partner to ensure compliance and due diligence while allowing BitQuin to potentially service more blockchains and assets.
Coinfirm’s AML platform will enable BitQuin to conduct instant AML risk checks of buyers and sellers and assess transactional patterns, ensuring a robust risk framework and security. With the largest coin and market coverage in the industry with more in the pipeline, Coinfirm provides its clients and partners such as BitQuin the capability to address larger portions of the blockchain market compared to competing AML and analytics providers.
David Quinn, Bitquin CEO, says
“Institutional Money is the driving factor behind this next move forward in the Crypto space. Appropriate AML technology is critical to enable mainstream adoption. Coinfirm provides exactly this, the platform for Institutions to monitor the integrity of digital transactions”.
Coinfirm has seen an increase in clients and partners on the OTC market and have been working with entities to deliver the highest standards for the industry and market segment.
Pawel Kuskowski, Co-Founder and CEO Coinfirm says
“Fighting financial crime and mitigating risk is challenging. We are always looking to help companies that offer new business models, services in the crypto space with our proprietary AML KYC solutions. Our partnership with BitQuin is one such relationship and will create a new benchmark and standard in the OTC market enabling trust, transparency for all stakeholders.”
Recognized as a global leader in RegTech for blockchain, Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that solves compliance and transaction risk issues in blockchain and cryptocurrencies. The blockchain agnostic platform is currently used by anyone ranging from major financial institutions to exchanges. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in CE.
BitQuin provides significant scale in over the counter (OTC) trading with large institutional size buyers and sellers of crypto assets. BitQuin team is led by industry veterans with comprehensive knowledge of financial trading / block facilitation. BitQuin connects buyers and sellers for OTC wholesale and bulk crypto transactions via a safe and secure process. BitQuin specializes in advising in navigating negative price effects of substantial trades within the current inefficient market pricing environment. To learn more visit http://bitquin.com/