Does your crypto business have what it takes for fast, easy, and compliant trading?
Since the start of 2021, cryptocurrency businesses have seen volumes “surge to levels more than five times greater than previous years, [and] this has generated massive profits for exchanges,” says crypto market data provider Kaiko in their June 2021 market report. The report also notes that average trade sizes are near all time highs. Are you getting a share of this trading activity?
The speed and reliability of your markets makes the difference for high volume traders -- does your business compete? Use this checklist to find out.
1. Do you offer crypto-to-fiat trading pairs and stablecoins?
Give your users:
The ability to buy crypto easily and smoothly using USD
A reliable on- and off-ramp for moving from fiat-to-crypto and crypto-to-fiat
Stablecoins for non-volatile crypto alternatives
2. Do you have deep trading liquidity?
Not all liquidity is equal. Make sure you offer users access to:
Quickly and reliably buy and sell assets
A deep pool of liquidity across a number of leading market makers
24x7 coverage via multiple liquidity sources
3. Is your risk mitigated by a trusted partner?
Make sure your partner has the following:
FDIC-insured accounts via banking partners
Reduced counterparty risk
ISO 27001 certification in information management
Chartered as a regulated financial institution
An infrastructure platform with built in redundancy for reliability
Trusted banking relationships for undisrupted service
4. Can you stay compliant while scaling?
Your platform should support:
Quick onboarding with scalable know-your-customer (KYC) and know-your-business (KYB) checks
Rules-based, automated verification and compliance exception review process
Compliance with Bank Secrecy Act requirements (CIP/KYC/AML)
Frictionless screening to keep traders safe and happy
5. Can users trade directly from a qualified custody account?
Give your users custodial security and options with:
State and federally regulated qualified custody
FDIC-insured cash accounts
A variety of account options: custodial, retirement, and trust accounts, to meet trader risk profiles and needs
Instant settlement of assets: T+0
Hot and cold wallet structure to balance security and ease of access
Visible USD balance gives new traders and investors confidence
Ready to start building your crypto business? Get in touch with Prime Trust to reduce your time to market, onboard users easily and compliantly, and ensure platform scalability.
About Prime Trust
At Prime Trust, we provide the financial infrastructure to support your crypto business with everything required to build and scale. We offer payment rails, compliance, custody, liquidity, settlement, debit cards, and indemnity services all available via API.
With straightforward integrations, clear documentation, and the ongoing support of the Prime Trust team, integrators can compliantly and effortlessly offer cryptocurrencies and digital assets to their suite of services. Innovate quickly, securely, and reliably with Prime Trust’s financial infrastructure APIs.