Crypto Derivatives Platform Overbit Partners With Coinfirm To Implement AML Framework |

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December 18, 2019 – Leading Bitcoin derivatives trading platform, Overbit, has announced its collaboration with Coinfirm to enhance the trading platform’s anti-money laundering (AML) measures using Coinfirm’s AML & Analytics Platform.

Overbit partners with Coinfirm to assess and analyze AML risk across its crypto, forex and metal trading instruments on their BTC trading platform.

An established player within the blockchain space and one seen as the early trailblazer in AML for cryptocurrencies, Coinfirm’s expertise in AML and risk management solutions has been tapped by many market leaders, including Binance, one of the top cryptocurrency exchanges in the world.

Overbit, the world’s first cryptocurrency and forex trading platform, has already embraced military-grade security measures in place and only uses multi-signature cold wallets to store client assets. With the integration of Coinfirm’s AML Platform, Overbit is demonstrating its intent to comply with stricter cryptocurrency regulations. The partnership brings an upgrade of performance improvements to the trading platform by protecting the interests of Overbit traders through greater security and transparency.

Pawel Kuskowski, CEO and Co-Founder Coinfirm said

“It’s great to collaborate with Overbit and bring the highest AML standard to the Cryptocurrency derivative and exchange market. As we see further standards being applied in the regulatory space it’s nice to see companies taking the most serious approach”. 

Coinfirm’s automated, real-time blockchain analytics solution is powered by its over 200 proprietary algorithms and 300 risk evaluation scenarios that enables Overbit to assess and analyse AML risk quickly, efficiently, and effectively across more than 1,300 cryptocurrencies, tokens and diverse blockchains, such as BTC, ETH, XRP and all ERC-20 tokens.

When asked about how Overbit’s partnership with Coinfirm will enhance the trading platform’s accountability, 

Chieh Liu, CEO of Overbit said, 
“As tougher AML and KYC regulations are being enforced around the world, we are committed to be in compliance with these rules. Our collaboration with a reputable firm such as Coinfirm not only reinforces our standing as one of the world’s best bitcoin derivatives trading platform but also serves as our desire to remain accountable to our users’ security and trading experience”.

Since the inception of Bitcoin as a decentralised currency, there have been major concerns from governments and financial institutions regarding the use of cryptocurrencies for criminal activities. In recent years, governments all over the world have passed bills to pave the way for the regulation of cryptocurrencies.

Overbit will deploy Coinfirm’s products to assess and analyze AML risk across its crypto, forex and metal trading instruments offered on its trading platform effective immediately.

About Overbit
Overbit is a leading online Bitcoin derivative trading platform.
A secure and user-friendly interface that allows traders to trade their Bitcoins across major cryptocurrencies with up to 50x leverage. Overbit also offers traders opportunities in forex and metals cross-market trading on gold and silver pairs.

Overbit’s mission is to provide traders with a safe and flawless user experience where they can conduct leverage trading on both long and short perpetual swaps contracts across various financial products. For more enquiries contact Junice Liew, Head of Digital Marketing Email: To learn more about Overbit visit

About Coinfirm
Coinfirm is a global leader in AML & Risk Analytics for blockchains and cryptocurrencies. With the largest blockchain coverage of over 1300+ cryptocurrencies supported including BTC, ETH, all ERC tokens, Dash, NEO, Hyperledger, LTC and XRP. Our AML solutions are used by over market leaders ranging from crypto exchanges and protocols to major financial institutions.