What are the requirements to qualify for an institutional account on cryptocurrency exchanges?
Kevenn Styvenn Brito SantanaDec 26, 2021 · 3 years ago3 answers
Can you please provide me with the detailed requirements to qualify for an institutional account on cryptocurrency exchanges? I am interested in knowing the specific criteria that institutional investors need to meet in order to open an account on these platforms.
3 answers
- Dec 26, 2021 · 3 years agoTo qualify for an institutional account on cryptocurrency exchanges, you typically need to meet certain criteria. These requirements may vary depending on the exchange, but generally, you will need to provide proof of your institutional status, such as a business license or registration documents. Additionally, you may need to meet minimum trading volume or asset requirements. It's best to check with the specific exchange you're interested in to get the exact requirements for opening an institutional account.
- Dec 26, 2021 · 3 years agoIn order to qualify for an institutional account on cryptocurrency exchanges, you will usually need to provide documentation that proves your institutional status. This can include things like a legal entity identifier (LEI), proof of incorporation, or other business registration documents. Some exchanges may also require a minimum trading volume or asset threshold. It's important to research the specific requirements of the exchange you're interested in to ensure you meet all the necessary criteria.
- Dec 26, 2021 · 3 years agoAt BYDFi, to qualify for an institutional account on our cryptocurrency exchange, you will need to provide documentation that verifies your institutional status. This can include a business license, articles of incorporation, or other legal documents. Additionally, we have certain minimum trading volume and asset requirements that need to be met. Our team will review your application and assess whether you meet these requirements. If you have any specific questions about opening an institutional account on BYDFi, feel free to reach out to our support team for assistance.
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