The features of a crypto exchange license are essential to ensure compliance with regulations, protect clients’ assets and safeguard the reputation of the exchange. One of the most important features is KYC/AML compliance, which requires exchanges to verify their customers’ identities and monitor transactions for potential money laundering or terrorist financing activities.
Once obtained, a crypto exchange license provides legitimacy to operate in the cryptocurrency market and offers benefits such as increased customer trust, access to banking services, and potential partnerships with other regulated entities.