Gatecoin, a Hong Kong-based cryptocurrency exchange, has partnered with Coinfirm, a RegTech firm, for its cryptocurrency anti-money laundering (AML) risk and compliance platform.

Gatecoin has also become a member of the AMLT Network. As claimed, this will prevent users from frauds causing potential damage. Coinfirm AML uses its proprietary algorithms and risk indicators for real-time analysis of Bitcoin, Ethereum, NEO, Hyperledger and other blockchains for anti-money laundering and compliance.

Grant Blaisdell, co-founder of Coinfirm, has stated that Gatecoin has aligned to make the blockchain ecosystem more transparent and secure. Utilizing Coinfirm AML Platform, Gatecoin intends to enhance security for traders and simplify the registration process for crypto-to-crypto trading.