Market Insights

CEO Hot Take: Crypto on-boarding is a nightmare

It shouldn’t come as a surprise to any seasoned crypto user, the exchange on-boarding process can be a real pain.

Copper

31.07.2019

As part of Copper’s Walled Garden offering, we try to minimise and manage as much of the bureaucracy that surrounds on-boarding with multiple exchanges as possible.

Most of our clients trade across nine or ten different exchanges, making use of Copper’s secure offline vault for storing digital assets when not actively being traded.

But getting accounts set up, including whitelisting wallet addresses for more than 20 coins per exchange, can be a total nightmare, primarily because almost every digital asset exchange was built for a retail customer. The people and processes are not in place to support institutional investors. This is significant barrier to entry the industry needs to address as soon as possible.

Our CEO, Dmitry Tokarev, gives the full run down on our Medium page, which you can access here.

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