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- On 9th July 2020, chainalysis announced its alliance with GOin, which is an institutional-grade gateway for cryptocurrency assets.
- The two firms are joining hands to expand the GOin network by providing their products and tools to institutional investors.
- The Chainalysis reactor will assist GOin in investigating suspicious transactions.
Chainalysis is a leading blockchain analysis firm offering compliance and investigation software solutions. On 9th July 2020, chainalysis announced an alliance with GOin, which is an institutional-grade gateway for cryptocurrency assets.
GOin is a renowned, crypto asset management firm. According to sources, the two firms are joining hands to expand the GOin network by providing their cryptocurrency products and tools to institutional investors in a secure environment.
Chainalysis – GOin Agreement
According to the partnership, the Chainalysis reactor will assist GOin in investigating suspicious transactions. It will also provide a detailed report to the regulators and law enforcement officials on potential criminal activities on the blockchain.
By this partnership, the Chainalysis will be able to achieve its goal of building a compliance best practices for institutional investors. They’ll also be able to expand their services all over Europe.
The cryptocurrency market is unpredictable and involves a lot of risks. Risk consists of the market crashing, fraudulent schemes, and likewise. This makes institutional investors hesitate before investing. Most of the time, they also land up making the wrong decision, which turns out to be very costly.
Hence, by partnering together, both parties will be able to gain the confidence of the institutional investors who are willing to invest in the growing new assets. All this will be possible only with the help of a Chainalysis team supporting GOin in market penetration. Chainalysis also backed by big venture capitalists like Accel and Benchmark.
Official’s viewpoints
Tangi Le Calvez, the CEO of GOin, along with the partnership announcement, he stated that this alliance would help them build trust in their products for the customers.
The Chief Revenue Officer of Chainalysis asserted the fact that they were thrilled to work with GOin and support them in this endeavor.
This cryptocurrency crime-fighter company is also famous for becoming the first blockchain company to make a billion-dollar startups list.
