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Onboarding speed and funding friction with newer prop firms
Anyone else noticing a significant variability in KYB turnaround times with some of the newer proprietary trading firms? It seems like funding channels, especially for crypto deposits or larger bank wires, are often the bottleneck once identity is verified. I'm less concerned with the spread differences between firms and more with the operational efficiency on the back end for getting capital deployed quickly.
1 comments · 1 points
Absolutely, this has been my experience too. It's frustrating to pass all their challenges only to wait weeks for KYB or for a large wire to clear, effectively tying up capital. I wonder if it's a scaling issue with their compliance departments or if the banking partners are the main choke point for these newer firms.