trade.io will integrate the SelfKey Identity Wallet to enhance its customer onboarding experience.

The Swiss-based digital asset exchange trade.io has agreed with the SelfKey Foundation to integrate the SelfKey Identity Wallet into trade.io’s exchange platform to enhance its customer onboarding experience.

SelfKey and trade.io have both been described as being amongst the most promising blockchain startups. Both projects conducted a successful token sale last January and are developing their platforms to the dates laid out in their respective roadmaps.

On the one hand, SelfKey released the beta version of its flagship product, the SelfKey Identity Wallet, on June 28th. The event was well received and a huge success across the cryptocurrency community. Just two days after the launch of the wallet, SelfKey’s native token KEY surpassed some of the top 10 market cap coins in trading volume, such as Ripple, Stellar and Litecoin amongst others.

The SelfKey Wallet is a Self-Sovereign Identity wallet that allows identity owners to create their reusable KYC profile and use it to onboard onto products and services offered in the SelfKey marketplace, while controlling their identity data at all times.

trade.io is also moving in the right direction with their highly customizable digital asset exchange set to be launched on July 17th and beyond that, the launch of their Liquidity Pool.

As trade.io’s aims to be regulated, it will enforce KYC/AML best practices by conducting rigorous due diligence on all their users. However, this KYC verification process can present some barriers for user acquisition.

In order to provide a smooth and frictionless onboarding experience and eliminate the aforementioned barriers, trade.io will integrate with the SelfKey Identity Wallet and be listed in the SelfKey Marketplace.

Thanks to this integration, SelfKey Wallet users will be able to instantly sign up for a KYC verified trade.io account either through the SelfKey Marketplace or by using the “Log in with SelfKey” Browser Button & Extension, an OAuth identity solution that will be placed in trade.io’s website.

To prevent spam, SelfKey Wallet users will be required to stake KEY tokens to access the exchange marketplace. trade.io has also announced that they will list KEY in their exchange.

“We are pleased to partner with SelfKey as we feel their approach to Self Sovereign identity is secure, efficient, and will integrate perfectly with our exchange.” said Jim Preissler, CEO of trade.io.

Additionally, trade.io will use KYC-Chain’s compliance software to perform KYC/AML checks on companies that will conduct Token Issuances through the trade.io platform. KYC-Chain’s (founder of the SelfKey Foundation) compliance tool has been chosen by several renowned token sales and fintech startups, such as Polymath, and stands out for its Corporate KYC process feature.

To achieve a massive adoption of the SelfKey Identiy Wallet, we not only have to provide a sovereign identity for everyone but also empower Self-Sovereign Identity owners to access high-quality services through our marketplace. This is why our business development team is continuously looking for excellent service providers to participate in our ecosystem, such as trade.io.

We are very impressed with the knowledge and professionalism of Jim and the rest of the trade.io team. We found it a very solid project and are proud to be able to join forces and collaborate with them.

Pre-registration is now available for the trade.io exchange

The SelfKey Identity Wallet for desktop is now available to download from https://www.selfkey.org/selfkey-wallet/