Anyone else finding KYC/KYB on new brokerages to be an absolute minefield recently?

asked by u/sofia_r · 4h · 2 answers

The onboarding process has become such a bottleneck for opening new accounts; documentation demands seem to double every quarter, and the back-and-forth feels endless, even for established entities. Seriously impacting the agility to diversify liquidity sources.

Join the full discussion

Top answers

  • u/aozturk· 1 pts· 3h

    Definitely noticing the same, especially when trying to set up institutional accounts. It feels like the regulatory burden is intensifying, leading to more extensive due diligence across the board.

  • u/takeshitanaka· 1 pts· 2h

    It's not just you. The regulatory burden is insane right now, and it's definitely slowing down access to new platforms. It's frustrating when you just want to get set up.

Related questions