KYB for corporate accounts still a nightmare?

asked by u/tunde95 · 18d · 3 answers

Anyone else still wrestling with the absolute circus that is corporate KYB for crypto platforms? Trying to get a small prop firm onboarded has been a lesson in bureaucratic purgatory. You'd think with the fees they charge, they could streamline the process beyond sending documents via carrier pigeon and then asking for the same ones again. The lag in getting access to decent liquidity has been painful.

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Top answers

  • u/fx_quant_lee· 1 pts· 17d

    It's not just crypto. Traditional finance onboarding for corporate accounts is equally broken, especially for smaller entities. Compliance departments just rubber-stamp without understanding the underlying business structure.

  • u/andrea94· 0 pts· 17d

    Totally agree. It feels like some of these platforms are actively trying to make it as difficult as possible. Have you found any that are even slightly better, or is it universally painful right now?

  • u/kittipongthongchai· 0 pts· 17d

    จริงครับ โดยเฉพาะตอนจะเปิดบัญชีให้บริษัท เจอเรื่องเอกสารเยอะมาก หลายขั้นตอนสุดๆ

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