CipherTrace, the world’s best cryptocurrency intelligence and blockchain firm has announced that it has expanded its platform to support the tracing of almost 87% volume of the top 100 cryptocurrencies.
The blockchain security firm has expanded its platform by announcing the industry’s best virtual assets tracing capability and claims that it will support the tracing for 700 coins.
CipherTrace Announces World’s Most Comprehensive Cryptocurrency Tracing —
700 Virtual Assets, Including Ethereum, Bitcoin Cash, Litecoin and Tether #ETH #BTC #USDT #LTC | More than 87% of Global Virtual Asset Trading Now Traceable with CipherTrace https://t.co/AGsg0j4Ezs— CipherTrace (@ciphertrace) October 15, 2019
Customers can Trace 700 Tokens
Now with the help of expanded CipherTrace blockchain security platform, users will be able to trace around 700 tokens consisting of 87% volume of the top hundred digital currencies.
The blockchain security platform supports the tracing of the top hundred cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
Tracing of ERC-20 Tokens
Apart from this, CipherTrace security firm with its comprehensive virtual assets trading capability also supports the tracing for many ERC-20 tokens.
With the help of CipherTrace API, customers can easily find out about the addresses of BTC, BCH, ETH, LTC, USDT, ERC-20 tokens, and about their transactions.
At the time of the announcement, the head of financial investigations of CipherTrace, Pamela Clegg adds that if we want to put an end to the crypto money laundering then it is necessary to expose the illegal transactions in the crypto industry.
As Pamela states:
To close cryptocurrency money laundering gaps, we must expose more of the true number of illicit transactions that occur across the entire ecosystem. This platform expansion does just that by providing regulators, exchanges, and investors visibility into more than 87 percent of the virtual asset market trading volume.
On this occasion, the CTO of CipherTrace Shannon Holland says that we have intentions to add more coins on the platform for the sake of tracing.
He explains:
We can now discern and automatically verify previously unfathomable amounts of blockchain data and characterize it with a high level of confidence. We will continue to add more tokens, stablecoins, and blockchains in the coming months.
CipherTrace also involves the advanced alert features on the platform which will notify the customers about the transactions and changes. On this blockchain security firm, customers can get the details about their transactions and the smart contracts.
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