Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg
Written by Black Hot Fire Network on March 19, 2024
Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg.
Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending with the aim of attracting institutional investors by providing a comprehensive end-to-end service model similar to their counterparts in traditional . . .
