Crypto Exchange Ourbit Takes a Big Step for Safer Trading

Ourbit, a fast-growing crypto trading platform, has taken a significant step to make trading safer and more compliant. They have joined the CODE Travel Rule Alliance, a major development in the crypto world. This move underscores Ourbit's commitment to adhering to regulations and protecting its users.

Aligning with Global Standards

By joining this alliance, Ourbit is now in line with Korean Travel Rule requirements and FATF standards. These standards are crucial for preventing money laundering and terrorist financing. The CEO of Ourbit, Tom, emphasized that compliance is not just about following rules but also about protecting users and building a sustainable business.

Secure Information Exchange

The CODE Travel Rule solution enables Ourbit to securely exchange information with other crypto platforms. This means that when users transfer virtual assets between Ourbit and other platforms in the alliance, the necessary compliance data is transmitted automatically and securely. This makes the process smoother and more secure for users.

Enhanced Security and Trust

For users, this integration means enhanced security and trust. The compliance checks happen in the background, so users don't have to worry about them. They can continue trading as usual, knowing that their assets are safer and the platform is more reliable.

Investing in Technology and Compliance

Ourbit is also investing heavily in technology, AML systems, and risk controls. They have advanced monitoring and analytics to detect suspicious activity and protect users from scams and hacks. They also have dedicated AML and compliance teams that work closely with regulators and partners.

Global Strategy and Sustainable Growth

Ourbit sees regulatory compliance as a core part of its global strategy. By aligning with internationally recognized standards and cooperating with partners like CODE, Ourbit is building a globally interoperable compliance framework. This framework can adapt to evolving rules in different regions, laying the foundation for sustainable, cross-border growth.

Conclusion

In summary, Ourbit's integration with the CODE Travel Rule Alliance is a significant step towards a safer and more compliant trading environment. It demonstrates their commitment to protecting users and building a sustainable business in the crypto world.