Cronos from Crypto.com partners with Chainalysis to track CRC-20 tokens

The Cronos mainnet is scheduled to be deployed in November 2021 with the goal of increasing interoperability between Cosmos and the Ethernet Virtual Machine (EVM) ecosystem. Designed to facilitate decentralized finance (DeFi), irreplaceable FT tokens (NFT) and GameFi applications, Cronos has more than 450,000 users and partnerships with more than 200 companies and organizations.

Founded in 2016, Crypto.com is one of the largest cryptocurrency exchanges in the world, with an average daily trading volume of $3.3 billion at the time of writing, according to CoinGecko.

Crypto.com established its own decentralized open source blockchain, Crypto.org Chain (CRO), in March 2021 along with its native token, Crypto.org Coin. Cronos tokens.

Chainalysis Cronos' new compliance partner is one of the world's largest crypto and blockchain intelligence organizations, known for its work with major government agencies and financial institutions in the U.S. and around the world.

Last month, Chainalysis partnered with Cross River, a U.S. financial services company, to ensure cryptocurrency transactions and compliance as the company expands its crypto offerings. Previously, the company worked with platforms such as Robinhood, a crypto-friendly trading app, and provided compliance tools to Dapper Labs, creators of the CryptoKitties game.

Cronos, the ethereum-compatible blockchain network sponsored by Crypto.com, the world's leading cryptocurrency exchange, has signed a new agreement to ensure compliance.