As crypto becomes increasingly mainstream, our mission to bring economic freedom to the world by powering a crypto ecosystem accessible to all is more important than ever. A crucial factor to accessibility is helping ensure everyone can safely and appropriately participate in the cryptoeconomy while also keeping pace with evolving global regulations — a challenge Coinbase is particularly experienced with.
The trust of our users relies on the application of compliance standards designed to meet the expectations of regulators. As a result, we’ve spent years engineering solutions that assist with our compliance obligations; many of these same needs are shared by our clients.
Today, we are excited to share some of the tools we’ve developed in an effort to address the compliance needs of financial institutions, crypto businesses, law enforcement agencies, and corporations new to crypto. Coinbase Intelligence is our growing suite of products dedicated to crypto compliance that are designed to help secure the crypto economy from bad actors. As part of this suite, we are introducing a new product, Coinbase Know Your Transaction (KYT) and providing an update of our existing product, Coinbase Analytics.
Introducing Coinbase KYT (Know Your Transaction)
As the largest regulated exchange in the US, it has been critical for us to work on the development of safeguards against bad actors. After years of collecting signals about how to determine if an entity or transaction is facilitating illegal activity, we developed Coinbase KYT to help businesses and institutions better mitigate…