Deepcoin Has Integrated with CODE Travel Rule Solution as One of the First Overseas Exchanges in 2024
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Singapore /Deepcoin/ – Deepcoin, a leading cryptocurrency exchange platform specializing in innovative trading, announces its recent integration with the CODE Travel Rule solution. As one of the first overseas exchanges to integrate with CODE Travel Rule solution in 2024, this collaboration underscores Deepcoin’s commitment to fortifying its security infrastructure and advancing compliance standards within the cryptocurrency landscape.
Having an expansive user network spanning across diverse regions and innovating new trading tools for its users, Deepcoin has emerged as a trusted and high-performing exchange platform, serving over 10 million users worldwide. The integration with CODE Travel Rule aligns with the platform’s mission to ensure a secure and transparent trading environment for its growing community of traders.
CODE, a joint venture formed by prominent Korean virtual asset exchanges including top cryptocurrency exchanges, stands as the preeminent Travel Rule consortium in South Korea. This partnership empowers Deepcoin with specialized technology solutions and tailored compliance services to stay compliant with global Travel Rule standards outlined by the Financial Action Task Force (FATF) and other regulatory authorities.
The integration with CODE Travel Rule solution enables Deepcoin to facilitate seamless information sharing among Virtual Asset Service Providers (VASPs). This collaborative effort ensures transparency in virtual asset transactions by sharing originator and beneficiary information during transfers between VASPs, in accordance with FATF guidelines.
The CODE Travel Rule solution offers essential functionalities for streamlined transactions among Virtual Asset Service Providers (VASPs). These include the ability to verify wallet addresses, facilitate requests for virtual asset transfers, transmit transfer outcomes, manage error reporting, and conduct checks on transaction result statuses using TXID identifiers.
Deepcoin aims to bolster its security measures with this integration while fostering a more compliant and accountable ecosystem for cryptocurrency trading. The implementation of these functionalities enhances Deepcoin’s ability to meet evolving regulatory requirements and underscores its dedication to user security and transparency. This integration marks a significant milestone in Deepcoin’s journey toward fortifying its position as a trusted cryptocurrency exchange, committed to advancing security, compliance, and user experience.
About Deepcoin
Deepcoin is a leading cryptocurrency derivatives exchange committed to providing users with a secure, efficient, and innovative trading experience while known for its relentless innovation and long-term value proposition. Founded in 2018 by industry veterans and former executives of renowned companies, Deepcoin has amassed over 10 million registered users across 30 countries, facilitating a cumulative trading volume exceeding US $1 trillion. Having broad support for global fiat currency deposits, Deepcoin enables direct purchases of major cryptocurrencies and offers a range of trading options for over 100 cryptocurrencies. Its user-friendly platform includes spot trading, perpetual contracts, inverse perpetual contracts, and DeFi financial management savings, backed by 24/7 multilingual customer support, empowering individuals and institutions to navigate the digital asset market with confidence and ease. Deepcoin continues to redefine the crypto trading landscape, delivering unparalleled innovation and exceptional user experiences.
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