Bitcoin.com Exchange, the trading platform of the Bitcoin.com Brand, announces its partnership with Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit for KYC/KYB/AML needs. Through this partnership, Bitcoin.com Exchange has found a way to convert more clients quickly while ensuring compliance with international regulations.

Bitcoin.com Exchange is a service for fast and efficient trading with a powerful, built-in matching engine and high liquidity. The exchange currently has over 500K active traders and offers over 200 popular trading pairs, including Bitcoin, Bitcoin Cash, Ripple, and Litecoin. To keep its platform secure, Bitcoin.com Exchange uses cold storage, institutional-grade encryption, and IP whitelisting. 

To sign up new traders quickly and reduce manual workflow, Bitcoin.com Exchange has partnered with Sumsub. The exchange has since managed to cut verification time down to around 5 minutes, while making the flow more intuitive for thousands of newcoming users. What’s more, partnering with Sumsub has automated compliance for Bitcoin.com Exchange by making all verification and document checks easily adjustable through a single dashboard. This has significantly reduced the burden on compliance officers, speeding up their workflows by over 90%.

‘The changing nature of regulatory demands, combined with increased demands for transparency, call for more sophisticated compliance automation. To maintain these increasing standards and support our reputation on the global market, we needed a KYC solution that is able to live up to hundreds of regulatory requirements efficiently. With Sumsub’s world-class technology, our verification flow got much easier for people to use and for us to adjust to the appropriate jurisdiction. We are happy to be working together,  knowing that when it comes to compliance and verification, Sumsub has our back.’— Danish Chaudhry, CEO at Bitcoin.com Exchange.

‘For most payment companies, compliance has become a top priority. This is especially true for crypto companies, as they need to ensure compliance of their technology as well as the onboarding process itself. With our help, all of Bitcoin.com Exchange’s user verification processes will be more simple, fast, and in sync with regulatory requirements.’— Jacob Sever, Co-founder of Sumsub.