Koine acquires fintech to facilitate onboarding of institutional crypto clients

Wednesday 22 May 2019 00:19 CET | News

UK-based digital asset custody and settlement company Koine has acquired fintech Hireabl to help strengthen its onboarding process for institutional clients.

Institutional flow into cryptocurrency has been a key talking point underlying the market recovery in 2019. Representatives of Coinbase revealed that 60% of the exchange’s revenue has been made from institutional trading.

As per the agreement, Hireabl will provide a ‘scalable platform for automated client onboarding.’ The company considers that the addition of an automated KYC/AML/CTF platform as part of the Koine architecture ensures efficient and scalable client onboarding. Aside from hiring Hireabl, Koine plans to make a number of acquisitions throughout 2019.

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Keywords: Koine, acquisition, fintech, onboarding, institutional clients, cryptocurrency, UK, KYC, AML, CTF, client onboarding, scalable platform
Countries: World