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Onboarding Friction for OTC Block Trades - What's the Latest?
We've been seeing increasing KYC/AML friction when trying to onboard new counterparties for larger block trades, especially in the $BTC and altcoin space. The checks are getting more granular, and lead times are extending significantly. It's impacting our ability to move quickly when a window opens.
Anyone finding better, more streamlined solutions for institutional level onboarding, particularly for non-US entities? We're talking 7-8 figure USD equivalent. Are there specific legal or compliance frameworks that are proving more efficient without compromising due diligence?
1 comments · 1 points
Definitely noticing this too. It feels like some of the traditional finance compliance is really catching up to the crypto space now. Have you explored any specialized crypto-native prime brokers or is it mostly traditional financial institutions you're dealing with?