Coinbase Announces New Project: Coinbase Intelligence

Coinbase has launched a new initiative to comply with the new regulations. The US crypto exchange provided information on its new project called Coinbase Intelligence.

Coinbase Announces New Project Coinbase Intelligence. Coinbase, one of the most popular cryptocurrency exchanges in the United States, has taken steps to comply with increasing legal requirements. Crypto exchange Coinbase has announced that it has decided to launch its new crypto startup, Coinbase Intelligence, to prevent illegal transactions. The rise in demand for crypto money markets has also resulted in an increase in fraud. Cryptocurrency exchange Coinbase also announced that it has decided to launch its new initiative called “Coinbase Intelligence” to prevent illegal transactions. Coinbase Intelligence, the new initiative, has been revealed to contain an update to Coinbase Know Your Transaction (KYT) as well as the existing Coinbase Analytics product. Additionally, Coinbase KYT will allow companies to monitor illegal transactions in real time via an API. Thus, Coinbase Analytics, an internal tool used to leverage “first-party transaction data,” has now been renamed Coinbase Tracer. Coinbase Tracer will help them reduce fraud and track how funds are moving.     Source: Hardware News