Investing.com – Cryptocurrency prices were mixed on Thursday, while Binance announced partnership with New York-based compliance software provider Chainalysis to add compliance tools.

Bitcoin dropped 0.4% to $6,702.6 by 12:40 AM ET (04:40GMT) on the Bitifinex exchange, after receiving some support earlier this week with the launch of Fidelity Asset Services, a crypto trading platform for Bitcoin and Ethereum.

Ethereum fell 1.0% to $213.81 and Litecoin was little changed at $55.1. XRP gained 0.7% to $0.48789 on the Poloniex exchange.

Chainalysis’ compliance software provides real-time monitoring of cryptocurrencies transactions and allows cryptocurrency exchanges to distinguish suspicious patterns, according to various reports on Wednesday.

The software could “identify and categorize thousands of cryptocurrency services to raise live alerts on transactions involved in suspicious activity,” the company said.

Commenting on the news, Wei Zhou, CFO at Binance, said: “By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.”

In other news, Hong Kong-based exchange BTCC will expand its services to South Korea later in October, Korean business site The Investor reported.

BTCC will start providing beta service in October and begin its full debut in November. The service will include a trading platform, wallets, a mining pool and consumer payments. The company was founded in 2011 and was one of the top trading platforms in China before a crackdown on the mainland prompted it to close. It was bought in January by a blockchain investment fund in Hong Kong.

Like this: Like Loading...