Chainalysis Using TradeBlock’s XBX Index
TradeBlock’s XBX Index has recently become the USD-bitcoin exchange rate reference point of choice for such companies as LibertyX and Coinut; now Chainalysis can be added to the list. The XBX index will join Chainalysis’ other tools and services in analysing price patterns and trends.
Chainalysis provides bitcoin businesses, as well as financial institutions that provide banking services to the bitcoin industry, with Anti-Money Laundering (AML) solutions.Companies using Chainalysis tools are able to identify high risk customers, whereas financial institutions can monitor their clients’ activity on the blockchain, allowing effective controls to meet regulatory obligations to be added.
TradeBlock XBX index offers a live, USD reference rates for bitcoin and tracks global liquidity and local anomalies in an effort to provide the most reliable data possible. In addition to the multitude of traders that use the XBX Index are companies which include Greyscale’s Bitcoin Investment Trust, Hedgy, BitMEX and Rebit.ph.