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SFby u/souza_felipe·1dDiscussion

Anyone else finding KYC/KYB a never-ending saga for decent liquidity?

Starting to feel like I'm running a small banking operation just to get access to decent pricing these days. Between the hoops some brokers make you jump through for a corporate account and the absolute drag of getting a PSP fully onboarded – especially if you're trying to integrate something less mainstream like crypto payouts – it's becoming a full-time job. You'd think with all the tech, the process would be slicker, but it feels like every other month there's a new document requested or a 'compliance review' that stalls everything for weeks. The irony is, the harder it is to get set up, often the better the spreads and reliability once you're in. Just wondering if others are feeling this pain point as acutely, or if I'm just cursed with the 'interesting' cases.

2 comments · 1 points

2 Comments

RIu/reddy_ishaan·1d

It's almost as if they want you to prove you don't actually need the liquidity before they'll give it to you. The irony is not lost on me when I'm scanning a 30-page PDF on compliance for a crypto payout of a few thousand dollars.

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TOu/torThailand·1d

It's definitely not getting easier, especially with new regulations continually coming into play. The cost of compliance for providers inevitably trickles down.

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