Broker Hidden Road has stopped providing clients access to the cryptocurrency exchange Bybit

2024-05-29 23:16:08

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ChainCatcher news, according to Bloomberg, informed sources revealed that Hidden Road, a brokerage firm supported by Citadel Securities, will stop offering its clients the opportunity to trade on the cryptocurrency exchange Bybit. The informed sources stated that Hidden Road informed its clients of this decision a few weeks ago. This move was triggered by disagreements between the two companies regarding Bybit's Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

The specific nature of the disagreements between the two companies on KYC and AML procedures remains unclear. The major brokerage focuses on institutional cryptocurrency traders, providing services such as execution, clearing, and financing. Hidden Road offers top brokerage services across asset classes, including foreign exchange, precious metals, and cryptocurrencies. The company was founded by Marc Asch in 2018, who previously worked at hedge fund billionaire Steven Cohen's firms SAC Capital and Point72 Asset Management.

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