trade.io Partners with SelfKey to Streamline Registration for its Exchange

On Wednesday, trade.io, a Swiss blockchain company, announced that it has finalized a strategic partnership with SelfKey, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based self-sovereign identity system. With the help of SelfKey, trade.io wants to streamline the registration process for its upcoming cryptocurrency exchange.

According to the statement, trade.io polled its community and found that investors want its exchange to have an easy registration system. This includes no security and back office delays.

To combat this, traders can upload their Know Your Customer (KYC) Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Read this Term) details to the SelfKey platform. This includes documents such as passports, government-issued identification cards and bills that can be used to verify your identity.

SelfKey is an identity system based on blockchain that allows individuals and companies to control their digital identity. The platform provides traders with the ability to manage their cryptocurrency portfolio and onboard onto financial, immigration and cryptocurrency services.

Once the information is uploaded to the platform, SelfKey will verify your identity. Following this, with the consent of investors, it will reuse this information to automatically fill forms and upload copies of documents to the trade.io exchange.

SelfKey Token listing

In addition, trade.io is also planning to list the SelfKey Token (KEY) on its upcoming exchange. According to the statement, the company will be announcing an airdrop soon.

Commenting on the partnership, Jim Preissler, CEO of trade.io said: “We are pleased to partner with SelfKey as their KEY token has traded over 1 billion dollars in the last week, and we feel their approach to Self Sovereign identity is secure, efficient, and will integrate perfectly with our exchange.”

Edmund Lowell, Founder, SelfKeyal added: “We are pleased to announce our partnership with trade.io as they are one of the most promising new exchanges of 2018.”

trade.io is a financial institution based on blockchain technology which sells a number of products. One of the most recent additions is the ‘Blockchain Trade Verifier’, software which traders can use to see if their foreign exchange broker is lying to them about data.