March 23, 2020 Chainalysis has partnered with the peer-to-peer exchange, Paxful in a bid to increase compliance.

The blockchain analytics company, Chainalysis, has partnered with Paxful, a global peer-to-peer cryptoasset exchange provider that reportedly accounts for 25% of global P2P cryptoasset trading volumes. Paxful intends to use the new partnership to increase its compliance to highlight and scrutinize transactions that are deemed suspicious or high-risk. The exchange will use Chainalysis’ “Know Your Transaction” and “Reactor” tools. The analytics provider has previously considered P2P exchanges as higher risk than their more centralized counterparts and this announcement marks the first such partnership between Chainalysis and a P2P exchange.