Question is, how much of that Binance volume is from non KYC'd participants for whom sub 2BTC daily withdrawals is a deal breaker.pic.twitter.com/z57J1sM5US
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I think it's not an insignificant amount tbh. Potential avenues:- i) Acknowledge and KYC on nance. ii) Move to another tier 1 exchange (KYC again) iii) Roll the dice with tier2/3 exchanges. iv) Go full DeFi. v) Full time stonks options degen
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Do you consider Bybit a tier 2/3 exchange?
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I'd say tier 1. But then you're restricted to BTC/ETH and some majors for the most part. Also pretty sure they're next when it comes to regulatory compliance.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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vi) move to ftx and get 4.5x the daily withdraw amount
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*without kyc
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I honestly don't think majority makes 0.06 daily and will withdraw that amount on a regular basis.
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It's not about withdrawing 0.6 daily. It's about needing to move 2btc quickly ad hoc.
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I don't think KYC is a big deal unless you are in restricted jurisdictions. Otherwise, it's a death knell.
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US non-KYCd volume is probably massive. It goes to iii) and iv)
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