The Benefit of KYC For Crypto Exchanges

There are quite several benefits to having KYC in a cryptocurrency exchange, such as reduced tendency for crypto crimes and adding more transparency & legitimacy. 

Reduced Tendency for Crypto Crimes Appropriate implementation of KYC by cryptocurrency exchanges will reduce the tendency for crimes conducted in space.

Adding More Transparency & Legitimacy With the inclusion of KYC by crypto exchanges, there is an increase in customer confidence in the exchange.