common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

What are the benefits of crypto intermediaries registering with the US SEC?

avatarSeyed Mahdi MirabyianNov 23, 2021 · 3 years ago3 answers

Why should crypto intermediaries consider registering with the US Securities and Exchange Commission (SEC)? What advantages can they gain from this regulatory compliance?

What are the benefits of crypto intermediaries registering with the US SEC?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    Registering with the US SEC can provide crypto intermediaries with increased credibility and trust among investors. It demonstrates their commitment to regulatory compliance and can attract institutional investors who may only work with SEC-registered entities. Additionally, registration can help protect investors by ensuring that intermediaries follow certain disclosure and reporting requirements, reducing the risk of fraud and misconduct.
  • avatarNov 23, 2021 · 3 years ago
    Crypto intermediaries registering with the US SEC can also benefit from enhanced market access. Some jurisdictions require SEC registration as a prerequisite for operating in their markets. By registering, intermediaries can expand their reach and tap into new customer bases. This can lead to increased trading volumes and liquidity, ultimately benefiting both the intermediaries and their users.
  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we believe that registering with the US SEC is a crucial step for crypto intermediaries. It not only helps build trust with our users but also allows us to operate in a compliant manner. SEC registration ensures that we adhere to strict standards and regulations, providing a safer and more transparent trading environment for our users. We encourage all crypto intermediaries to consider the benefits of SEC registration and prioritize the protection of investors.