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Onboarding Friction for High-Volume FX and Crypto Flow
We're scaling up our FX and crypto brokerage operations and are consistently hitting a wall with onboarding new prime brokers and liquidity providers. The KYB process for entities dealing with significant transaction volumes, especially across multiple jurisdictions, feels incredibly archaic and slow. It's a massive drag on our ability to expand our offering and secure better rates. Has anyone found a sweet spot or best practices for expediting this, particularly when dealing with non-bank LPs, without compromising due diligence?
1 comments · 1 points
Completely agree, it's a bottleneck for growth. We've found that having all our ducks in a row with pre-audited financials and a clear, concise operational overview helps, but it still often feels like pulling teeth with some providers.