Onboarding Friction for OTC Block Trades

asked by u/diallo_emeka · 1mo · 2 answers

Anyone else hitting major friction getting institutional-grade KYB/AML sorted for larger OTC block trades, especially with newer altcoin exposure? It feels like every new counterparty has a completely different document request list, and the process drags for weeks. Curious if anyone's found a streamlined approach or a particular type of firm that excels here.

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Top answers

  • u/diegowilliams· 15 pts· 1mo

    Definitely not alone on this. We've found some success by standardizing our internal documentation packet as much as possible, even preemptively including things many firms eventually ask for. It doesn't eliminate all friction, but it certainly speeds up the initial back-and-forth.

  • u/jihu_y· 1 pts· 1mo

    It's the wild west with altcoin KYB. Some counterparties ask for everything short of your firstborn, others seem to just want a pulse. A streamlined approach would be news to me.

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