George Town, Kajmany, August 15, 2025 – a reputable Global Tobit cryptocurrency exchange, today announced its membership in the VerifyVasp network, a leading supplier of solutions in the field of “Travel Rule”.
This partnership provides users with toobit direct access to the global network of verified service providers related to virtual assets, creating a more transparent commercial environment. Thanks to the implementation of the VERIFYVASP communication protocol, traders can fully implement cross -border transactions in line with the regulations, which strengthens the platform protection against financial crime.
We joined Verifyvasp to make sure that our traders’ transactions are safe – said Mike Williams, Communication Director at Toobit. – This cooperation allows us to meet complex regulatory requirements so that our users can fully focus on their trade strategies.
Regulatory activities have become a new standard in the world of cryptocurrencies. The latest Fatf report of June 2025 shows that 85 jurisdiction, representing about 98% of the global virtual assets market, has already adopted the provisions implementing “Travel Rule”. This regulatory impetus is a direct response to growing threats.
Illegal online activity is still a serious problem – only in the first half of 2025 over USD 2.17 billion was stolen from cryptocurrency services. This amount has already exceeded the total value of funds stolen throughout 2024, which emphasizes the urgent need to use verifiable security solutions such as Verifyvasp.
O Toobit
Toobit is a place where the future of cryptocurrency trading develops – the award -winning exchange of instruments for cryptocurrencies, created for those who want to discover new horizons. Thanks to the deep liquidity and advanced technology, TOTOT enables traders from around the world to have some navigating the digital assets. We offer honest, safe, smooth and transparent trade experience, ensuring that each transaction is a chance to discover what is coming.
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Contact: Davin C.
E-mail: market@toobit.com
Website: www.toobit.com
