How do exchanges like ShapeShift, Changelly or Evercoin cope with KYC/AML regulation?



They don't require any information about their users. Most of the exchanges require user identification: so even though exchanges like ShapeShift might have corporate account on the large exchanges like Bittrex, Poloniex, Binance, shouldn't they disclose users' info to these large exchanges?

Kirill Vasin

Posted 2018-01-28T14:06:59.740

Reputation: 31

1I don't think they should disclose the users' info because what they are doing is something close to arbitrage. They have created a market where they can buy low and then sell high and vice-versa. The will only make orders on the large exchanges when the money pool for some coin goes too low. I don't think there is a 1:1 relationship between orders on shapeshift and orders on the large exchanges. – douglaz – 2018-02-15T21:40:57.023

No answers