Hidden Road Stops Offering Clients Access to Crypto Venue Bybit
- Disagreement centers on KYC, AML procedures, people say
- Bybit conducting compliance review of prime brokerage business
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Citadel Securities-backed prime brokerage firm Hidden Road will stop offering its clients access to trading on Bybit, the third-largest crypto exchange by volume, according to people with knowledge of the matter.
Hidden Road informed clients about the decision a few weeks ago, two of the people said, asking not to be named discussing sensitive information. The move was sparked by a disagreement between the two companies over Bybit’s know-your-customer and anti-money laundering requirements, the people added.