22nd February, LONDON, UK – InstaSwap, the world’s most convenient way to swap crypto assets, today announces a partnership with leading RegTech and blockchain analytics provider Coinfirm to leverage the AML Platform to further fortify the transparency of the crypto ecosystem and the mass adoption of blockchain.
By deploying advanced AML/CFT analytics to combat money laundering and the financing of terrorism, InstaSwap can run Enhanced Due Diligence of counterparties via data-led intelligence whilst preventing malicious actors from benefitting from the company’s solution. The collaboration will ensure entities’ compliance with supranational regulations and national authorities such as the FATF’s guidelines, 5th and 6th AMLDs.
“We are pleased to announce the collaboration of InstaSwap with Coinfirm, one of the most competitive and world’s leading blockchain technology companies. The aim of this collaboration is to build a more transparent and trusted world by innovating at every single level of technology such as hardware, security and software. With our powers combined, we will keep providing easy access to the cryptocurrency world by keeping the process simple and by providing integrated solutions to our customers.” – Athanasios Zannias, CEO of InstaSwap
InstaSwap is a cross-chain platform that enables users to enjoy the best crypto exchange rates in the market, whilst charging a transparent fee of just 0.25% – clearly aligned with the goal of freer and fairer financial markets that Bitcoin and blockchain was built to achieve.
“Network, transaction and exchange costs are rising and hindering the inclusivity of blockchain. Services that mitigate this barrier to entry and decrease trade friction are a very beneficial pillar of the ecosystem – especially at moments of increased interest. We are excited to work with a platform such as InstaSwap that is well-known for its transparency, a quality in the crypto ecosystem of paramount importance.” – Paweł Kuskowski, CEO and co-founder of Coinfirm
Coinfirm provides a full suite of solutions for exchanges to automate and streamline AML and analytics for cryptocurrencies, allowing entities such as InstaSwap to not only fulfil their compliance requirements but do so more effectively and efficiently than ever before. With AML Risk Reports from 270+ red flag checks and data points ranging from financial crime to counterparty identity, organizations can leverage real-time cryptocurrency monitoring, tracking and investigation of funds, whilst the customization of risk and analytics data.
InstaSwap is an instant, cross-chain non custodial, next generation cryptocurrency exchange platform that allows you to swap crypto rapidly or buy it with a bank card. The service provides the most competitive crypto-to-crypto rates while supporting a great number of cryptocurrencies. For more information please visit: https://instaswap.io/
Coinfirm is the world leader in blockchain analytics and regulatory technology (‘RegTech’) solutions, creating the foundation for the safe and mass adoption of blockchain and cryptocurrencies. Coinfirm specializes in blockchain AML/KYC (‘Anti-Money laundering’ / ‘Know Your Customer’) services and fraud investigations. It offers the industry’s largest blockchain coverage, supporting over 1,500 cryptocurrencies and protocols including Bitcoin and the ERC-20 standard. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions and governments. In addition to the AML Platform, the company’s services also include Trudatum, Reclaim Crypto, Reclaim Fork, the all-in-one Travel Rule solution and Nodes-as-a-Service. Coinfirm is the first firm to offer an AML compliance solution to DeFi in the form of the AML Oracle. For more information please visit; https://www.coinfirm.com/