Analytics platform Chainalysis partners with Robinhood Crypto

Mon 13 Dec 2021 ▪ 15h18 ▪ 2 min read — by Rudy Bauer

Analytics platform Chainalysis today announced a partnership with wildly popular online brokerage app Robinhood Crypto. It will provide data analytics tools to enable customers to trade cryptocurrency securely.

Establishing a profitable partnership before launching a crypto wallet

As reported by DailyCoin, blockchain data analytics platform Chainalysis announced today, 13th December, that it has entered into a partnership agreement with online brokerage app Robinhood Crypto. Chainalysis’ comprehensive suite of tools, along with their Know Your Transaction compliance monitoring and real-time transaction tracking solutions, will help secure accounts and build customer trust.

The integrated partnership will help Robinhood Crypto meet security requirements ahead of the cryptocurrency wallet’s launch. This is due to happen in early 2022, but more than 1.6 million potential users are already waiting for it. The digital wallet feature will allow Robinhood customers to deposit and withdraw various cryptocurrencies, including BTC, ETH, DOGE and others. Right now, users cannot withdraw cryptocurrencies from the exchange.

Safety first

Robinhood Crypto’s Head of Partnerships, Ben Einstein, said their company has a strict “Safety First” policy. He added that their team has spent a huge amount of resources and money to embed this principle at all levels of the organisation. That is why they decided to enter into a partnership.

Chainalysis co-founder and chief strategy officer Jonathan Levin said their company is excited to be working with Robinhood Crypto, a business that seeks to build trust in cryptocurrency and tries to provide maximum financial freedom with minimal risk.

The Robinhood app is hugely popular with millennials and Generation Z. The new partnership is likely to attract even more attention from users of different ages and increase interest in cryptocurrencies.

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Rudy Bauer

Photographe, Vidéaste, webdesigner et enfin rédacteur pour CoinTribune: l'image, le digital et la blockchain sont mon dada.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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