BingX Ties With Sumsub to Enhance Its Compliance & KYC Evaluation of Users

BingX is proud to announce its partnership with SumSub, an all-in-one suite for identity verification, compliance and Know Your Customer (KYC). Sumsub's KYC system uses advanced AI technology capable of detecting potential risks that are likely to encourage cybercrime activities. 

This collaboration with Sumsub speaks great volumes for BingX as a social crypto exchange operating in a regulatory sensitive space where safety, compliance & KYC are at the forefront of concern. 

Major hindrances preventing crypto exchanges from capitalizing on their true potential are generally safety and being compliant with the relevant AML policies & KYC. Having a proper and strong KYC and compliance monitoring system will make it easier for BingX to gain the trust of users while expanding its services globally. 

BingX's integration of Sumsub's two-step verification process will require users to provide a photo of their ID and ask them for permission to scan their faces. The beauty of Sumsub's two KYC two-step verification processes lies in the simple fact that it is transparent, fast and easy for users to complete.