Blockchain analytics firm Chainalysis will be partnering with Robinhood to provide data and tools for trading in accelerate of the app launching its crypto wallet.

In a Monday announcement, Chainalysis said the integrated partnership with Robinhood Crypto volition aid the trading app run into compliance requirements ahead of the launch of its crypto wallet, expected to whorl out for all users in early 2022. According to Robinhood, the platform will prefer Chainalysis' Know Your Transaction, the firm's monitoring compliance solution, in addition to Chainalysis Reactor, its investigations software. The trading app also said its teams would exist using Chainalysis' certification programs to achieve compliance.

"Chainalysis works closely with regulators and police enforcement to develop manufacture all-time practices and that approach is aligned with Robinhood'due south commitment to working with policymakers in a collaborative fashion," said Robinhood Crypto head of partnerships Ben Einstein.

According to Robinhood, more than 1.six million people are on the waitlist for a wallet, which will support depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens. The trading app has been testing its digital wallet feature since information technology was first appear in September.

Many government agencies and companies in the private sector employ Chainalysis as a solution to runway both legitimate and illicit crypto transactions. When the United States Department of the Treasury appear it would impose sanctions on the Czech and Russia-based business Suex OTC, it cited an investigation from the analytics firm.

Related: BitMEX turns to Chainalysis to solve legal woes, or at least soften the CFTC's blow

Subsequently going public on the Nasdaq in July, the share price of Robinhood (HOOD) has steadily declined from an all-time high of $lxx.39 on Aug. 4 to $21.83 at the time of publication, a driblet of roughly 70%.