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Compliance

Coinbase Verifications Refresh​

Coinbase Verifications provides the primary onchain credentials required to access Verified Pools liquidity. This permissioning layer ensures that all liquidity has been supplied and accessed by verified Coinbase customers that have passed relevant KYC checks and are trade eligible. To further improve the security and compliance of Verified Pools, we continually perform offchain verifications to ensure that the customer’s account is always up to date and in good standing from a compliance perspective. If any of these verification checks fail, we will immediately revoke the customer’s onchain Coinbase Verifications to ensure that the onchain credential always reflects the current offchain state. The three primary areas being monitored are:

  • KYC Refresh - Coinbase prompts users to periodically verify and update their KYC information, enabling us to have a high degree of confidence in the validity of users’ personal information and to maintain high accuracy of our risk-based assessment.
  • KYT Monitoring - We continually monitor attested wallet addresses via Know Your Transaction (KYT) monitoring for risks related to things like fraud, sanctions, and other potentially suspicious activity to stay ahead of bad actors.
  • Sanctions Monitoring - Coinbase continually monitors our customers and/or their wallet addresses to check whether they are identified on an active sanctions list.