London, 30th Jan 2023, Gate.io, the world’s leading digital asset trading platform, has chosen Coinfirm, the global leader in analytics and anti-money laundering (AML) solutions for the blockchain industry, as one of its key AML/CFT partners.
The partnership will give Gate.io access to Coinfirm’s industry-leading Coinfirm Analytics Platform, which offers real-time AML/CFT risk management solutions for digital assets and cryptocurrencies through knowledge of over 60 blockchains and 1 million+ tokens. In particular, Gate.io will be able to leverage Coinfirm’s market-leading analytics tools to provide a secure environment to its customers and ensure compliance with applicable AML/CFT regulations worldwide.
Commenting on the partnership, Gate.io CEO & Founder Dr. Lin Han said: “At Gate.io, we continuously strive to mitigate AML/CFT and counterparty risks by integrating best-in-class security measures and safeguards into every part of our operations. Our collaboration with Coinfirm gives us a solid foundation to strengthen our service offerings further while ensuring compliance with global and local AML/CFT regulations.”
Coinfirm CEO Dr. Mircea Mihaescu said: “We’re very pleased that Gate.io chose our platform as their primary AML/CFT provider globally. We have invested significant resources into building our blockchain analytics capabilities and are confident that this partnership will benefit both parties in many ways.”
The collaboration between Gate.io and Coinfirm is expected to provide a much higher level of security for digital asset exchanges worldwide by helping them proactively identify suspicious activity more quickly and accurately than ever before. It is also expected to bring greater consistency in AML/CFT compliance and risk management across Gate.io’s operations globally, allowing it to more easily navigate complex local regulatory environments without sacrificing customer experience or increasing operational costs for customers who want to use its services internationally.
Since its founding, Gate.io’s focus has always been to offer a secure and trustworthy digital asset experience by taking a user-first approach. By leveraging Coinfirm’s technology and expertise, Gate.io aims to remain one of the most secure cryptocurrency exchanges in the world while staying ahead of the curve when it comes to compliance with applicable laws and regulations.
Established in 2013, Gate.io is one of the world’s earliest cryptocurrency exchanges and a leader among compliant and secure digital asset platforms, offering diverse trading services with 100% user-verifiable Proof of Reserves. Further, the platform has consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. It has also received a rating of 4.8/5 by Forbes Advisor UK, topping the list of Best Crypto Exchanges for 2023.
Besides its primary exchange services, Gate.io has diversified its ecosystem to offer decentralized finance, research and analytics, venture capital investing, wallet services, startup incubation, and more. The platform currently serves more than 12 million active users worldwide.
Coinfirm is the world RegTech leader in blockchain analytics and AML/CFT solutions, creating a safer blockchain economy – by protecting entities from being tainted with funds originating from illicit activities like sanctions breach, darknet, ransomware, hacks, human trafficking and terrorist financing – through risk-scoring of entities, addresses and transactions.
The company, using 350+ proprietary risk algorithms while monitoring 25k+ blockchain entities on +60 blockchains, provides seamless, scalable tools to comply with stringent regulatory requirements for both CeFi and DeFi.
For more information visit: www.coinfirm.com